Skip to main content

Article 28

No: 1229

Effective from Feb 20 2013 - May 16 2013
To view other versions open the versions tab on the right

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.