Effective from Feb 20 2013 - Feb 19 2013 To view other versions open the versions tab on the right
1.
SAMA shall license one or more companies to engage in real estate refinance activity in accordance with the Law, this Regulation, the Finance Companies Control Law and its Implementing Regulation, provided that:
a.
The license be restricted to real estate refinance activities.
b.
The capital of the real estate refinance company be not less than five billion riyals.
2.
The real estate refinance company shall be subject to the supervision of SAMA in accordance with the Law, this Regulation, the Finance Companies Control Law and its Implementing Regulation and instructions issued by SAMA.
