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Acquire, hold and use due payments of any kind of finance obligations and rights related to financed residential real estate.
b.
Issue securities in accordance with the Capital Market Law after obtaining a no-objection letter from SAMA regarding issuance programs.
c.
Provide finance solutions for real estate financiers to finance individual borrowers.
d.
Invest its cash in vault in a manner that enables it to manage its assets and liabilities with the utmost efficiency upon obtaining a no-objection letter from SAMA.
e.
Issue bonds, sukuk, notes, securities, and other debt instruments to meet its objectives upon obtaining a no-objection letter from SAMA.
f.
Carry out any other transactions that serve, complement or support its activities in conformity with its bylaws and after the approval of SAMA.
2.
The Company may impose charges for its services, in order to cover all costs and expenses of its operations, make fair profits, and ensure being financially self-sufficient. SAMA is authorized to control and restrict the pricing of the services of the Company.
