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First: Introduction

No: 41059668 Date(g): 7/6/2020 | Date(h): 16/10/1441 Status: In-Force

Effective from 2020-06-07 - Jun 06 2020
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A. Objective
These instructions aim to establish the minimum provisions that finance providers must adhere to when offering real estate financing products to individuals, in order to help clients make informed decisions when requesting real estate financing, protect the rights of all parties, and enhance the soundness of the real estate financing sector.

B. Scope
These instructions apply to banks, financial institutions, and real estate finance companies subject to the supervision of the Saudi Arabian Monetary Authority (SAMA).