Saudi Shoura Council has agreed to introduce additional tougher penalties for those who violate the law stipulating ownership of properties and investment in real estate, reported Arab News. 

 

The decision was taken at the online session of the council convened by Saudi Shoura Council Speaker Dr Abdullah Al Asheikh yesterday (April 20).

 

The law does not allow non-Saudis to own property and invest in the real estate sector.

 

The council also approved amendments to a draft law on combating financial fraud and breach of trust, it added.