Regulatory Alerts2020-01-01
Decision of the Board of Directors No. 158 of 2020 dated September 30, 2020 regarding the Financial Adequacy Standards for Licensed Companies Engaged in Real Estate Financing Activities, as last amended on June 12, 2024
The General Regulatory Authority's Board of Directors issued Decision No. 158 (2020, amended through 2024) establishing mandatory financial adequacy standards for licensed real estate financing companies. The decision requires compliance with capital adequacy, leverage, liquidity, and asset-liability balance ratios, alongside operational risk management and specific provisioning for doubtful financing. It further mandates accurate risk-weighted asset calculations, standardized disclosure protocols, and the submission of periodic regulatory reports.
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