Tuesday, July 10, 2012

Oil Kingdom gets strict with money: KSA rolls out new financial rules

On 2 July 2012 the Saudi Council of Ministers issued a package of five new laws which many believe will dramatically change the finance market in the Kingdom.

These new laws have been anticipated for some time and are as follows:

1) The Execution/Enforcement Law

2) The Finance Lease Law

3) The Real Estate Mortgage Law

4) The Real Estate Finance Law

5) The Law on Supervision of Finance Companies.

Saudi Council of Ministers
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Source: http://www.albawaba.com/business/saudi-arabia-finance-laws-432699

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