Saudi mortgage laws
A formula for a wellfunctioning market?
Over the last five years the Government of Saudi Arabia has continued to invest considerable amounts of oil revenue into the public sector and in initiatives designed to enhance the life of Saudi nationals.
A key part of this program has been the implementation of the finance law, a package of related legislation comprising five laws. It is useful to examine these laws before looking in more detail at their impact on the development of a functional primary mortgage market in the Kingdom.