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The Real Estate Development Fund announced the payment in March of 590 million riyals on the accounts of beneficiaries of the housing program of the Ministry of Housing and Real Estate Development Fund.
The fund said that the promised amounts of 90 million riyals to support the profits of mortgage loan agreements, and half a billion riyals to beneficiaries of the initiative to support the # 39; army.
The total amount deposited in the accounts of the beneficiaries of the "subsidized mortgage financing" and the initiative "Subsidized subsidized housing loan to the military" had risen to 2 billion and 713 million riyals since the beginning of the transition until 2019.
He pointed out that the total amount deposited in the accounts of the beneficiaries of the "mortgage loan" since the beginning of the mortgage program from June 2017 to March 2019 amounted to about 527 million riyals, while the total deposited on the accounts of beneficiaries of "military service financed by a mortgage loan" was about two billion. An amount of 185 million RS is provided as a good loan to repay once the principal loan has been repaid.
The amount of assistance paid at the end of each month of the calendar, in order to ensure that the amount before deduction of the financing tranche of the beneficiary's bank account.
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