Google+ Followers

Friday, 12 January 2018

Saudi central bank lifts loan-to-value rate for 1st-time-buyer mortgages | Arab News

Saudi central bank lifts loan-to-value rate for 1st-time-buyer mortgages | Arab News:

"Saudi Arabia's central bank lifted the maximum loan-to-value rate on Thursday for mortgages for first-time homebuyers to 90 percent from 85 percent in an effort to stimulate mortgage lending. "Raising the maximum limit of the percentage of financing of the value of the first house for citizens will contribute to supporting the growth of the real estate financing sector," the Saudi Arabian Monetary Authority (SAMA) said in a statement on its website. It said the decision also aims to help the kingdom achieve its national housing strategy, part of wider economic reform plans, but added that the move must not affect the stability of the financial sector."



'via Blog this'

Hong Kong Might Get Aramco. Could It Keep It? - Bloomberg Gadfly

Hong Kong Might Get Aramco. Could It Keep It? - Bloomberg Gadfly:

"Was there ever really an Asian contender apart from Hong Kong to host Saudi Arabian Oil Co.'s IPO? Unlikely. The challenge for the world's largest oil company, if it lists in the territory, will be keeping investors interested once trading starts.Saudi Arabia has shortlisted the city, along with London and New York, for the international portion of a potential Aramco listing, Reuters reported, with the main float slated for Riyadh.As the world's largest IPO venue, New York makes sense. London is logical as the center of global commodity trading. Hong Kong, while down in the rankings for global listings, remains a large source of cash."



'via Blog this'