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Saudi Arabia: Residential Mortgage Loans Reach $29 Billion
December 1st, 2020 - 12:30 GMT

Saudi Arabia: Residential Mortgage Loans Reach $29 Billion

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 ...
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