New mortgage law approved in Saudi
Saudi Arabia: Thursday, July 03 - 2008 at 09:15
Saudi Arabia's Shura Council has approved a draft of the long-awaited mortgage law, paving the way for its approval by the government, reported Reuters. Analysts said the law, which has been in the works for almost a decade, will hopefully allow much wider access to property ownership in a country where only one out of five Saudis owns a home.
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Jeff Florian, Senior ReporterThursday, July 03 - 2008 at 09:15 UAE local time (GMT+4)
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