Saudi Arabia SSIC Code 649221: Real estate financing

Saudi Standard Industrial Classification (SSIC 2026)
Classification Level: Activity | Official Code: 649221

Executive Summary & Classification Scope

SSIC code 649221 designates Real estate financing (التمويل العقاري) under the official Saudi Standard Industrial Classification (January 2025 / 2026 Edition, based on UN ISIC Rev. 4) administered by the General Authority for Statistics (GASTAT).

It serves as the mandatory regulatory benchmark for Commercial Registration (CR) with the Ministry of Commerce, MISA foreign investment licensing (allowing up to 100% foreign equity ownership), municipal permits on the Balady portal, and Nitaqat Saudization quota determinations by MHRSD.

Key Classification Facts

Parameter	Official Value
Saudi SSIC Code	`649221`
Official Title (EN)	Real estate financing
Official Title (AR)	التمويل العقاري
Classification Level	Activity
Section Category	Section K — Financial and insurance activities
Parent Entity Code	`6492` — Other credit granting
Supervisory Authority	Saudi Central Bank
Licensing Entity	Saudi Central Bank
Standard Custodian	General Authority for Statistics (GASTAT)
Edition / Version	SSIC 2025 / 2026 Edition

Code	Title (EN)	Title (AR)	Details
`649222`	Real estate refinancing	إعادة التمويل العقاري	View Code 649222 →
`649223`	Productive assets financing	تمويل الأصول الإنتاجية	View Code 649223 →
`649224`	SMEs activities financing	تمويل نشاط المنشآت الصغيرة والمتوسطة	View Code 649224 →
`649225`	Credit card financing	تمويل بطاقات الائتمان	View Code 649225 →
`649226`	Consumer financing	التمويل الاستهلاكي	View Code 649226 →
`649227`	Microfinance	التمويل متناهي الصغر	View Code 649227 →
`649228`	Consumer Microfinance	التمويل الاستهلاكي المُصغر	View Code 649228 →
`649231`	Issuance of debt instruments from a Special Purposes Entities	إصدار أدوات الدين من قبل منشأة ذات أغراض خاصة	View Code 649231 →
`649232`	Debt-based crowdfunding	التمويل الجماعي بالدين	View Code 649232 →
`649233`	Buy Now Pay Later	الدفع الآجل	View Code 649233 →

Regulatory & Business Setup Use Cases in Saudi Arabia

Ministry of Commerce (MC): Required on your Saudi Commercial Registration (CR) to legally define the company’s business activities.
Ministry of Investment (MISA): Determines eligibility for 100% foreign-owned investment licenses and capital requirements. See our MISA Licensing Guide.
ZATCA Taxation & Zakat: Activity categorization for Corporate Income Tax (20%), Zakat (2.5%), and 15% VAT filing rules. See our ZATCA Tax Guide.
MHRSD / Qiwa (Nitaqat Quotas): Determines the required percentage of Saudi national employees. Check our Nitaqat Saudization Guide.
Balady Municipal Licensing: Establishes commercial shop, office, and warehouse zoning compliance.

Compliance & Regulatory Risk Assessment

Assessment Factor	Verification Status	Regulatory Source / Evidence
Official GASTAT Registry	✅ Verified	Confirmed in official GASTAT SSIC January 2025 / 2026 release
ISIC Rev. 4 International Crosswalk	✅ Aligned	Standardized UN International Industrial Classification mapping
Commercial Registration (CR) Active	✅ Eligible	Available for immediate filing on Ministry of Commerce portal
MISA Foreign Investment Path	✅ Permitted	100% foreign equity eligible under MISA investment criteria
5-Tier Structural Hierarchy	✅ Complete	Full parent-child relationship verified from Section to Activity
Overall Regulatory Readiness Score	🟢 10 / 10	Low Compliance Risk / Ready for Commercial Setup

Frequently Asked Questions (FAQ)

1. What does Saudi SSIC code 649221 cover?

SSIC 649221 covers Real estate financing (التمويل العقاري) under Saudi Arabia’s official industrial classification system.

2. Which authority regulates activities under SSIC 649221?

Activities under this code fall under the supervision of Saudi Central Bank.

3. Can international investors establish a business with code 649221?

Yes. In most sectors, the Ministry of Investment (MISA) permits 100% foreign equity ownership. Refer to our MISA Guide for full requirements.

4. How does SSIC 649221 affect my company’s Nitaqat rating?

MHRSD calculates your Saudization tier based on your primary SSIC activity registered on your Commercial Registration.

Official Source Attribution & Disclaimer

Primary Data Source: General Authority for Statistics (GASTAT) — National Classification for Economic Activities.

Commercial Portal: Ministry of Commerce (MC)

This page is an independent reference resource. Cross-verify critical licensing details on official government portals before filing commercial applications.