Arab News, Tuesday, Aug 16, 2022 | Muharram 18, 1444
Saudi Real Estate Fund signs more than 58,000 financing contracts in first half
Saudi Arabia: Saudi Arabia's Real
Estate Development Fund signed more than 58,000 financing contracts, offering
various financing and housing options for housing support programs throughout
the Kingdom during the first half of this year.
Mansour Madi, CEO of REDF, stressed the fund's
keenness to enhance the opportunities for ‘Sakani’ beneficiaries to obtain
housing support programs, providing more solutions and options, and according to
their needs and financial capabilities to own adequate housing.
He added that the fund provided financing
contracts to about 33 percent of the total beneficiaries.
REDF also offers more than nine different options,
including four subsidized mortgage products, and five housing support packages,
through more than 43 electronic services, in addition to a real estate advisor
service and self-service devices.