SAMA Uses Blockchain Technology for Money Transfer with Local Banks

SAMA: 171,757 new residential mortgages within 7 months

Saudi Arabian banks and financial institutions issued 171,757 new mortgages within 7 months of 2021 worth SR87.7 billion. The loans for individuals recorded 8% growth and 20% in value, according to the monthly report issued by Saudi Central Bank (SAMA). SAMA report shows that, the new mortgages loans in July 2021 jumped to 18,703 contracts...

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