Based on the powers vested to His Excellency the Minister of Finance under the Real Estate Finance Law issued by Royal Decree No. (M/50) dated 13/8/1433 AH, and the powers vested to His Excellency the Governor of SAMA under the Finance Companies Control Law issued by Royal Decree No. (M/51) dated 13/8/1433 AH.

We inform you of the issuance of His Excellency the Minister of Finance's Decision No. (1144) dated 2/6/1443 AH, which includes the removal of Article (4) from the Executive Regulations of the Real Estate Finance Law.

We also inform you of the issuance of His Excellency the Governor's Decision No. 113/M Sh T dated 10/8/1443 AH, which amends Article (16) of the Executive Regulations of the Finance Companies Control Law to read as follows: "SAMA determines in the license the financing activity or activities the financing company is authorized to practice, and may impose special conditions on the license specifying the geographic area in which the financing company is authorized to operate or the beneficiaries it is authorized to deal with, or other conditions."