Skip to main content

Article 2: General Provisions

Effective from 2022-04-26 - Apr 25 2022
To view other versions open the versions tab on the right

1.The Company shall be subject to the supervision and control of SAMA in accordance with the Real Estate Finance Law and its Implementing Regulations, the Finance Companies Control Law and its Implementing Regulations, and SAMA’s instructions.
 
2.The Rules shall apply to companies licensed by SAMA to engage in real estate refinance activity.
 
3.The Company shall direct its services and products to real estate financiers. The company may, after obtaining a no-objection letter from SAMA, grant finance or purchase finance or acquire finance rights of non-real estate financiers.