SAMA receives 48 real estate financing licensing requests

21/05/2014 Argaam Special

The governor of Saudi Arabian Monetary Agency (SAMA), Dr. Fahd Al-Mubarak said that the agency received 28 requests for real estate financing practicing license.

SAMA issued 14 final licensing approvals and 5 preliminary approvals until completing the requirements of the Saudi Ministry of Commerce and Industry; according to Okaz newspaper.

Argaams’ compiled data indicated that SAMA granted its final real estate financing approval for the following 14 banks and companies:

 

SAMA’s real estate financing approvals

Approved activities

Entity type

Name

Real Estate financing and Financial lease

Bank

RiyadhBank

Real Estate financing

Bank

SABB

Real Estate financing and Financial lease

Bank

ArabNational

Real Estate financing

Bank

SAMBA

Real Estate financing and Financial lease

Bank

NCB

Real Estate financing

Bank

SaudiFransi

Real Estate financing and Financial lease

Bank

Al-Bilad

Real Estate financing and Financial lease

Bank

Al-Rajhi

RealEstate financing

Company

AmlakInternational

Financial lease, smallandmediumenterprises’ financingandconsumerfinance

Company

Nayifatfinancing

RealEstate financing

Company

DarAlTamleek

Financial lease

Company

SaudiOrix

Financiallease,smallandmediumenterpris’ fig and consumer finance

Company

Al-Yusr

RealEstate financing

Company

Sahl

 

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