Saudi Arabia's new real estate, mortgage rules create 'a new financial sector'

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Thursday 05, July 2012 by Robin Amlôt

Saudi Arabia's new real estate, mortgage rules create 'a new financial sector'

The official Saudi Press Agency reported the passing of the new legislation on 2 July (Sha'ban 12, 1433), saying, “Dr. Ibrahim bin Abdulaziz Al-Assaf, Minister of Finance, thanked the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud and Crown Prince Salman bin Abdulaziz Al Saud, Deputy Premier and Minister of Defense, for the Cabinet's approval of a package of real estate funding systems.”

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