Article Two
Art. TwoStatus unknownSaudi ArabiaRegulation
Issued by Saudi Central Bank (SAMA) Rulebook
In compliance with Article 2 of the Law , the Finance Companies Control Law, and other applicable laws, the finance lease activity shall be a professional activity upon fulfilment of the following: 1. Acquiring of Leased Asset by the Lessor shall be for the purpose of leasing it to others under a finance lease. 2. The aggregate amount of credit granted annually exceeds the amount determined by SAMA.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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