Saudi banks granted SR7.07 billion ($1.9 billion) in new residential mortgage loans in July, marking a 33 percent increase from the previous month, according to recent data. Figures from the Saudi Central Bank, also known as SAMA, showed that the number of loan contracts surged to 9,605, up from 7,274 in the previous month. These residential loans are primarily used for purchasing houses, apartments, and land. The majority — 62 ...