Regulatory Alerts2020-01-01
Decision No. 139 of 2020 of the General Authority for Financial Supervision Amending Decision No. 111 of 2015 on Real Estate Financing Rules and Standards
The General Authority for Financial Supervision issued Decision No. 139 of 2020 to amend Decision No. 111 of 2015 governing real estate financing rules and standards. The amendment establishes a maximum financing limit of 15% of the financier's net equity for residential loans granted to a single investor, encompassing their spouse and minor children. It additionally caps non-residential financing at 30% of the financier's net equity, applying uniformly to both natural persons and legal entities alongside their related parties.
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