Property loans for Saudi women approved

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Time: February 15, 2019  

The move aims to support Saudi women in purchasing property. (SPA)
  • The board reviewed the updated number of people who have benefited from the mortgage loan program since early 2018

JEDDAH: Saudi women will be able to get property loans from the Real Estate Development Fund (REDF), following a decision from its board of directors.
The move aims to support Saudi women in purchasing property, as well as increase the proportion of home-owning Saudis to 60 percent by the end of 2020 and to 70 percent by the end of 2030.
The REDF decision came during its first board meeting of 2019.
The board reviewed the updated number of people who have benefited from the mortgage loan program since early 2018, with the figure currently at 62,841.

This article was first published in Arab News

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