04 May 2010
(MENAFN) A senior Saudi official denied recent reports saying that the council of ministers is expected to approve the long-awaited mortgage law this week, Reuters reported.
The Secretary General of the council of ministers, Abdul-Rahman Al-Sadhan, said that his previous remarks about approving the law were misinterpreted, and he only expressed hope that this law would be approved soon.
This long-awaited mortgage law has been in the planning stages for almost 10 years.
The law is expected to revive a slowing lending market as it would cater to a larger proportion of housing demand in a country where less than a third of the population owns a home.
16 Mar 2023
BBK partners with Four Seasons Private Residences Bahrain Bay to offer ownership financing for 112 waterfront homes.
01 Mar 2023
You could be the next lucky winner.. BBK: BD 1.9 million prizes from Al Hayrat this year
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