The Saudi Arabian Monetary Authority (SAMA) issued new mandatory directives to banks and home financiers operating in the Kingdom on providing retail mortgage loans. Under the new directives, home financiers are instructed to thoroughly study client information and ensure their ability to meet obligations under mortgage agreements, SAMA said in a statement on Sunday. The financiers may not offer mortgage loans unless the results of that study comply with the policies adopted by the financier and the Central Bank, and mortgage offers are required to be valid for a minimum of 15 days from the date they are provided for clients. In addition, offers will include a clear print that indicates all data required, the mortgage loan contract, and risk acknowledgement forms for all variable-cost products.