Saudi Arabia: Real estate loans to individuals reach 73% in 10 months
Photo via Asharq Alawsat
Published 02 Dec,2020 via Asharq Alawsat (English Edition) - The Saudi Central Bank (SAMA) said on Tuesday that private banks have provided nearly 97 percent of the value of real estate financing contracts to individuals in October, three percent of which came through real estate finance companies.
SAMA noted that the total amount provided for new housing financing contracts for individuals has doubled since the beginning of 2020 until October, with a value exceeding 109.2 billion riyals (USD 29.1 billion).
Continue reading
Free, in under 30 seconds
Join thousands of professionals reading Salaam Gateway — the Global Islamic Economy Gateway.
Joined by 12,000+ Islamic economy professionals
Create a free account
Already a member? Sign in
- 5 free articles every month
- Weekly Islamic-economy newsletter
- Save articles to read later
Asharq Alawsat