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The basics of Saudi commercial mortgage regulations
Dimah Talal Al-Sharif
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In strictly legal terms, a commercial mortgage is a loan secured on a commercial property and used to acquire, refinance or develop commercial property.
Businessmen or traders often use this option to address financial crises.
In today’s article, we shall discuss the salient features of commercial mortgages from the perspective of Saudi laws.
A commercial mortgage is an agreement whereby a debtor or his guarantor allocates transferred money as a guarantee to secure a debt, and this includes modifications or additions to it.