Saudi may delay mortgage law for inflation

The approval of the mortgage law was proposed to be delayed because a surge in inflation to nearly six per cent in October. The proposal was made by the Saudi Arabian Monetary Agency (SAMA), the Gulf Kingdom's central bank.
The study by the Saudi American Bank Group (SAMBA) showed consumer lending by the country's 12 commercial banks picked up in the first half of 2010, rising by almost 10 per cent over the corresponding period of 2009.

You may also like...