1.692 billion riyals injected into home loans fund in Saudi Arabia

Time: 07 January, 2020 

The money was deposited in the Real Estate Development Fund. (SPA)

  • The money was deposited in the Real Estate Development Fund

RIYADH: A total of SR1.692 million ($451 million) has been pumped into a fund aimed at helping Saudis to become homeowners.
The money was deposited in the Real Estate Development Fund (REDF) in December last year for beneficiaries of the Sakani program.
The fund’s spokesperson, Hamoud Al-Osaimi, said the monthly funding confirmed the REDF’s determined efforts to support Saudi citizens looking to own their first home.

This article was first published in Arab News

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