CMA, REGA sign MoU to regulate real estate contributions

16/11/2024 Argaam

CMA, REGA sign MoU to regulate real estate contributions

Logo of Capital Market Authority (CMA

The Capital Market Authority (CMA) and the Real Estate General Authority (REGA) signed a memorandum of understanding (MoU) on Nov. 14 to regulate real estate contributions in Saudi Arabia.

 

In a statement, the CMA stated that the agreement aims to regulate the real estate contributions, enhance transparency and disclosure, protect the rights of all parties involved, and establish governance and automation frameworks.

 

The initiative positions real estate contributions as an investment-financing channel for developers, fostering investor confidence in the Kingdom's real estate sector.

 

The MoU reflects joint efforts to enhance collaboration between the two authorities and establish frameworks for governance in implementing the Real Estate Contributions Law and its executive regulations.

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