Saudi Residential Mortgage Loans Reach $29 Billion

Saudi Residential Mortgage Loans Reach $29 Billion

in albawaba.com: Residential new mortgage loans in Saudi Arabia for individuals reached 234,466 contracts with a value of SR109.2 billion ($29 billion), until October 2020, exceeding all mortgages provided by all financing institutions in 2019 and 2018. Until October 2020, according to the monthly report issued by Saudi Central Bank SAMA, they registered a growth of 73% in the number of loans and 81% in loans compared to the same period of 2019, reported Saudi Press Agency (SPA).





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