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الفصل الأول: التعريفات

No: 598900000099 Date(g): 2/1/2019 | Date(h): 25/4/1440

Effective from 2019-01-02 - Jan 01 2019
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The following words and phrases, wherever mentioned in these regulations, shall have the meanings set forth opposite each, unless the context indicates otherwise.
 
 Regulations: Regulations governing the ownership of banks and real estate financing companies for properties located in the cities of Mecca and Medina.
 
 Central Bank: The Saudi Central Bank*.
 
 Banks: Banks and financial institutions operating in the Kingdom.
 
 Real Estate Financing Companies: Joint-stock companies licensed to practice real estate financing activities.
 
 Non-Saudi: A natural person who does not hold Saudi citizenship, or a non-Saudi company, or a Saudi company founded or participated in by a natural or legal person who does not hold Saudi citizenship.
 

* The name "Saudi Central Bank" replaced "Saudi Arabian Monetary Authority" under the Saudi Central Bank System No. (M/36) dated 11/4/1442 H.