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Article 28

No: 1229 Date(g): 20/2/2013 | Date(h): 10/4/1434 Status: In-Force

When subsidizing real estate housing finance product through a real estate finance entity, the subsidy provider shall provide a description for each product to ensure compliance with credit policies, risk management and transaction integrity. Such description shall include the following:

1.Eligibility criteria;
 
2.Subsidy amount;
 
3.Means of finance; and
 
4.Any other information specified by SAMA according to product type.