Riyadh – Mubasher: Saudi Arabia’s Shura Council, a top advisory council to the government, approved cancelling the installment sale system issued in 4 Rabi' Al Awwal 1426 (13 April 2005).
Measures for issuing the related draft law will be halted, Shura Council tweeted.
On a side note, the Shura Council approved amending some ownership regulations of real estate units.