Saudi Arabia Mortgage Finance Review by Dr A S Johan & Angus C K Pun

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) September 28, 2007 -- According to Saudi Arabia’s leading consumer bank, NCB, the upcoming Saudi Arabian Mortgage Law will accelerate activities in the KSA housing market as many currently unclear aspects of Mortgage lending will be addressed by law.

KSA’s Ministry of Finance (MOF) has already announced that a completed draft mortgage law is already in place and is expected to be approved by the end of this year or at the latest by early next year.

Currently the Saudi housing mortgage finance market is virtually nonexistent. This is due mainly to the absence of a clear mortgage system governing property ownership, property repossession, enforced eviction and asset liquidation in the case of delinquency.

Please Note: Space constraints here requires that in order to read the full text of this report free, you may need to search Google using keywords "A S JOHAN GMS" or go to http://asjohangms.ireporter.tv

     asjohan     chamber of commerce     doctor     finance     hong kong     johan     mortgage     reale state     saudi arabia