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Saudi mortgage firm set up
- Saudi Arabia: Saturday, December 29 - 2007 at 16:36
Saudi Arabia's Minister of Commerce and Industry Dr Hashim Yamani has given the green light to the establishment of the Company for Financing Houses, reported the Saudi Press Agency. The firm, which will be based in Riyadh and will provide mortgages, has a capital of $534m. The company will be managed by a board of ten directors who will be appointed by the firm's general assembly.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, December 29 - 2007 at 16:36 UAE local time (GMT+4)
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