The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al\nThe Custodian of the Two Holy Mosques has issued a royal decree to establish controls to ensure\nIn accordance with the Finance Companies Monitoring System to ensure accurate monitoring of violators and expedite their prosecution and the imposition of the penalties prescribed by law.\nviolators, expedite their prosecution and impose the penalties prescribed by law; ensuring the protection of the economy and preventing the exploitation of the public's needs.\nthe economy, and preventing the exploitation of the needs of the public by financing them in irregular ways.<\/p>\n\n\n\n
His Excellency the Minister of Justice and Chairman of the Supreme Judicial Council, Sheikh Dr. Walid bin Mohammed Al-Samaani, appreciated the contents of the Custodian of the Two Holy Mosques' order, stressing that the new regulations will, with God's help, limit the practice of financing activity for those who are not licensed to practice this activity, which will contribute to limiting the exploitation of Debtor default<\/a> By financing them in irregular ways that do not take into account the debtor's credit status and ability to fulfill their obligations; in addition to imposing high burdens on them as a result of financing that is not subject to the control and supervision of the competent authority that monitors financing companies, which leads to the debtor's inability to fulfill their obligations.<\/p>\n\n\n\n His Excellency explained that the royal order\nThe royal order included electronic linkage with the Saudi Arabian Monetary Agency (SAMA) to implement its directive\nand establishing the necessary mechanisms and arrangements in partnership between the two entities.<\/p>\n\n\n\n It is noteworthy that Article 4 of the Finance Companies Control Law prohibits the practice of any of the financing activities specified in the law unless a license is obtained in accordance with the provisions of this law or other applicable laws, and it is prohibited for any unlicensed person to use, by any means, what indicates or suggests the practice of the financing activities specified in the law, or to use in his documents, papers, or advertisements any word or phrase that is synonymous with them, and the second paragraph of Article 35 specifies the penalty for violating the law.<\/p>\n\n\n\n Mr. Abdulaziz Al-Issa writes: Hurricane Corona ... Reduce or evacuate<\/a><\/strong><\/p>\n\n\n\n \u201cItqan Real Estate signs MoU with Alam to provide advanced e-services and develop a specialized real estate auction platform<\/a><\/p>\n\n\n\n Contracting projects in the private sector with more than 50 workers are exempted from working during the lockdown period <\/a><\/p>\n\n\n\n \u201cSakani\u201d program adds 7 new residential schemes through its portal and smartphone application<\/a><\/p>\n\n\n\n Coronavirus repercussions will be felt in Dubai's real estate sector during the second quarter of this year, according to real estate reports<\/a><\/p>\n\n\n\n Ministry of Justice performs more than 11,000 real estate-related notarizations since the start of remote work <\/a><\/p>\n\n\n\n Residential program served more than 43,000 citizens last week through its digital platforms <\/a><\/p>\n\n\n\n The \u00abResidential\u00bb program delivered a number of ready-made villas in 9 projects during March<\/a><\/p>\n\n\n\n Interior offers 200 e-services for procedures and inquiries<\/a><\/p>\n\n\n\n Adding a new article to prevent crises \u00abHuman Resources\u00bb clarifies the contractual relationship between employees and employers<\/a><\/strong><\/p>\n\n\n\n Funding<\/p>\n\n\n <\/p>","protected":false},"excerpt":{"rendered":" Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>\u0623\u0635\u062f\u0631 \u062e\u0627\u062f\u0645 \u0627\u0644\u062d\u0631\u0645\u064a\u0646 \u0627\u0644\u0634\u0631\u064a\u0641\u064a\u0646 \u0627\u0644\u0645\u0644\u0643 \u0633\u0644\u0645\u0627\u0646 \u0628\u0646 \u0639\u0628\u062f\u0627\u0644\u0639\u0632\u064a\u0632 \u0622\u0644 \u0633\u0639\u0648\u062f – \u062d\u0641\u0638\u0647 \u0627\u0644\u0644\u0647 – \u0623\u0645\u0631\u0627\u064b \u0645\u0644\u0643\u064a\u0627\u064b \u064a\u0642\u0636\u064a \u0628\u0648\u0636\u0639 \u0636\u0648\u0627\u0628\u0637 \u062a\u0636\u0645\u0646 \u0627\u0644\u062d\u062f \u0645\u0646 \u0645\u0645\u0627\u0631\u0633\u0629 \u0646\u0634\u0627\u0637 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0645\u0646 \u063a\u064a\u0631 \u0627\u0644\u0645\u0631\u062e\u0635 \u0644\u0647\u0645\u060c \u0648\u0641\u0642 \u0646\u0638\u0627\u0645 \u0645\u0631\u0627\u0642\u0628\u0629 \u0634\u0631\u0643\u0627\u062a \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0628\u0645\u0627 \u064a\u0643\u0641\u0644 \u062f\u0642\u0629 \u0631\u0635\u062f \u0627\u0644\u0645\u062e\u0627\u0644\u0641\u064a\u0646 \u0648\u062a\u0633\u0631\u064a\u0639 \u0645\u062d\u0627\u0643\u0645\u062a\u0647\u0645 \u0648\u0625\u064a\u0642\u0627\u0639 \u0627\u0644\u0639\u0642\u0648\u0628\u0627\u062a \u0627\u0644\u0645\u0642\u0631\u0631\u0629 \u0639\u0644\u064a\u0647\u0645 \u0646\u0638\u0627\u0645\u0627\u064b\u061b \u0628\u0645\u0627 \u064a\u0636\u0645\u0646 \u062d\u0645\u0627\u064a\u0629 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u060c \u0648\u0627\u0644\u0645\u0646\u0639 \u0645\u0646 \u0627\u0633\u062a\u063a\u0644\u0627\u0644 \u0627\u062d\u062a\u064a\u0627\u062c\u0627\u062a \u0627\u0644\u0639\u0645\u0648\u0645 … Read more<\/a><\/p>","protected":false},"author":10,"featured_media":86589,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"0","_seopress_titles_title":"\u0623\u0648\u0627\u0645\u0631 \u0645\u0644\u0643\u064a\u0629 \u062a\u062d\u062f \u0645\u0646 \u0645\u0645\u0627\u0631\u0633\u0629 \u0646\u0634\u0627\u0637 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0644\u063a\u064a\u0631 \u0627\u0644\u0645\u0631\u062e\u0635 \u0644\u0647\u0645 \u0648\u062a\u0636\u0639 \u0636\u0648\u0627\u0628\u0637 \u0644\u0639\u062f\u0645 \u0627\u0633\u062a\u063a\u0644\u0627\u0644 \u0627\u0644\u0645\u062a\u0639\u062b\u0631\u064a\u0646","_seopress_titles_desc":"\u0623\u0635\u062f\u0631 \u062e\u0627\u062f\u0645 \u0627\u0644\u062d\u0631\u0645\u064a\u0646 \u0627\u0644\u0634\u0631\u064a\u0641\u064a\u0646 \u0627\u0644\u0645\u0644\u0643 \u0633\u0644\u0645\u0627\u0646 \u0628\u0646 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topics: Real Estate - International Trade <\/strong>Real Estate - Residential Villas - Licenses - Loans - Residential Schemes - Financing <\/h4>\n\n\n\n
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