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بوابة الفجر
Regulatory Body Approves Real Estate Financing
The General Authority for Financial Supervision has decided to allow mortgage finance companies to carry out participatory financing operations. This means that multiple companies can collaborate to provide financing to clients, especially for the purchase of high-value units. This approach aims to address challenges arising from the rising prices of units and the limited capital base of some companies, while adhering to strict regulatory requirements, including criteria for financial solvency, permitted financing ratios for residential and non-residential purposes, and restrictions on financing for investors within certain limits. Statistics from the first quarter of 2026 show a decline of over 21% in the number of new clients, while the total value of financing within the mortgage system increased by more than 17.5%.
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