The Saudi Central Bank (SAMA) has amended several articles of the Implementing Regulations of the Finance Laws in Saudi Arabia. According to a report by the Saudi Press Agency, the amendments include the decision of the Minister of Finance to revoke Article 4 of the Implementing Regulation of Real Estate Finance Law. The change means real estate finance companies are now allowed to practice financing activities without stipulating the prohibition of combining Real Estate financing and other forms of financing activities. However, SAMA retains the discretion to restrict licensing by certain conditions, the report noted. Further to the public consultation released earlier on the public Consult
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