Regulatory Alerts2018-12-17
Licensing Banks to Engage in Real Estate Finance or Finance Leasing Activities
The Saudi Central Bank issued this circular to confirm that licensed banks may continue real estate finance and finance leasing activities without renewing or obtaining separate licenses, subject only to securing non-objection letters for related financing products. The directive streamlines regulatory compliance by waiving license renewal requirements while maintaining adherence to existing Royal Decrees and procedural mortgage rules. Banks must continue meeting these operational standards until the regulator issues specific finance leasing directives.
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