04 May 2010
(MENAFN) A senior Saudi official denied recent reports saying that the council of ministers is expected to approve the long-awaited mortgage law this week, Reuters reported.
The Secretary General of the council of ministers, Abdul-Rahman Al-Sadhan, said that his previous remarks about approving the law were misinterpreted, and he only expressed hope that this law would be approved soon.
This long-awaited mortgage law has been in the planning stages for almost 10 years.
The law is expected to revive a slowing lending market as it would cater to a larger proportion of housing demand in a country where less than a third of the population owns a home.
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more