Further to its decision on real estate financing from banks, the Saudi Arabian Monetary Agency (SAMA) announced raising the upper limit of the ratio of the financing amount to the value of the dwelling contained in Article (12) of the Executive Regulations of the Real Estate Finance System from 70% to 85% for real estate finance companies without banks.

Fahad Al Mubarak, Governor of the Saudi Arabian Monetary Agency, explained that after more than a year after the implementation of the financing systems and their executive regulations, it became clear to the institution the ability of real estate finance companies to deal with the risks of real estate financing and adapt to the challenges associated with the nature of the work of the financing companies sector, especially since they do not receive deposits as in banks, indicating that increasing the ratio for financing companies will support growth in the real estate finance sector and create a competitive environment among real estate finance companies that contribute to providing more services with higher quality and competitive prices, serving the citizen and meeting market needs, without compromising the consideration of the