Sun, May 31, 2020
A A A
Welcome bhaimia
RSS

Saudi mortgage law opens Kingdom to home lending surge

Posted on 05 July 2012

Saudi Arabia’s mortgage law, approved two days ago after more than a decade of debate, will encourage banks to expand lending in a $16 billion market that now accounts for less than 4 percent of all home purchases.
The market may increase to about $32 billion annually over the next 10 years, providing opportunities for lenders, property developers and middle-class Saudi homebuyers, according to Naveed Siddiqui, chief executive officer of Capitas Group International, a Saudi holding company focused on Islamic finance………………………………………..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
banner
banner
May 2020
M T W T F S S
« May    
 123
45678910
11121314151617
18192021222324
25262728293031