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Riyadh completes regulations for new mortgage law

Posted on 25 February 2013

Saudi Arabia issued final regulations on real estate financing, leasing and supervision of financial firms as the kingdom works to ease a housing shortage by opening up its mortgage market and enacting the country’s first home-loans law. The regulations outlining three of the five laws that make up the package of changes were posted Sunday on the website of the Saudi Arabian Monetary Agency.
Rules on the enforcement of foreclosures and mortgage registrations have yet to be completed………………………………………..Full Article: Source

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