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Article 7

No: 1229

Effective from Feb 20 2013 - Feb 19 2013
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A real estate finance entity may refinance real estate in accordance with Article 11 of the Law through the following:

1.Real estate refinance companies licensed by SAMA.
 
2.Issuance of securities in accordance with the provisions of the Capital Market Law after obtaining a no objection letter from SAMA.