SAUDI ARABIA: The Saudi Arabian Monetary Agency has issued new rules governing property financing, leasing and financial companies, in a move that will see the establishment of a state-owned refinancing firm and allow licensed private mortgage providers as the authority seeks to spur growth in the kingdom’s mortgage market. The regulations, released on the central bank’s website on the 20th November 2012, stipulated that the state-owned Saudi Real Estate Refinancing Corporation, which will have a minimum capital of SAR2 billion....