The Ministry of Interior has issued its Announcement Re: Collecting of Fees for Registration of Rights and Juristic Acts under the Land Code: Establishment and Operation of Public Financial Institutions (“Announcement”) in which summary of such Announcement are as follows:

• Registration fee for transferring of ownership of the immovable asset is at the rate of 0.01% in case that such transferring of ownership transaction is from a juristic person, individual or group of people other than a public financial organization to the public financial institution.
• Registration fee for the mortgage of immovable assets is at the rate of 0.01% in case that such mortgage is for being collateral for a credit facility between a member of a public financial institution and a public financial institution.