Clifford Chance
Changes in the practice of taking real estate security
10 May 2018
Following the circular from the Saudi Arabian Monetary Authority issued in May 2017 directing banks and finance companies to perfect their real estate security under the Real Estate Mortgage Law, SAMA has issued a further circular in March 2018.
What does this mean for banks and finance companies?
This briefing provides an overview of mortgage registration requirements, key questions for financiers to consider and implications under REML.
