Deposit of $ 773 million in the accounts of the recipients of the subsidized mortgage loan

Citizen – Riyadh

The real estate development fund announced the filing of more than 773 million riyals in the accounts of citizens of beneficiaries of the "Sakani" program of the Ministry of Housing and Real Estate Fund, for the month of August.

The Fund said Monday in a press release that the monthly deposit in the beneficiaries' accounts was in support of the profits of subsidized mortgage loan agreements, where it was allocated this month to about 207 million riyals, to which s & ## 39, add 566 million riyals for beneficiaries of the initiative to support the mortgage loans to the army, pointing out that the real estate fund It confirms monthly its commitment to the monthly accompaniment of all beneficiaries.

The General Supervisor of the Real Estate Development Fund, Khalid bin Mohammed Al Amoudi, said that the total amounts deposited on the accounts of the beneficiaries of "subsidized mortgage financing" since the announcement of the transformation in June 2017, up to # 39, at the end of last August, amounted to one billion and 375 million riyals, while the total amounts paid to beneficiaries of the Housing Loan Initiative for staff committed military amount to 5 billion and 560 million riyals, in the form of a good loan to repay once the repayment of the basic loan completed.

Al-Amoudi explained that the real estate fund had reached in July the highest level of signing real estate finance contracts in the history of funding agencies, reaching about 16,000 financing contracts, pointing out that the fund's share in the total financing market had increased by 90%, confirming continued growth. Residential mortgages provided to individuals by all funding agencies, including banks and finance companies.

He emphasized that the initiatives, programs and opportunities facilitated the recipient citizen's financing and housing options, in addition to the online services available, noting that the Fund had taken the lead in the services and development sector and was the 15 largest government agencies in the provision of services electronically, according to the report on the maturity of public services "Yusr" for the second quarter of 2019.

He emphasized that all strategic plans and programs were geared towards fulfilling the aspirations of our wise leadership for ownership by housing citizens, noting that more than 121,000 real estate contracts had been signed up to date. end of July 2019, noting that beneficiary satisfaction indicators had reached more than 87% of programs and initiatives. These indicators indicate citizens' confidence in supported mortgage initiatives and programs.

It should be noted that the citizen beneficiary can complete the procedures of obtaining the mortgage loan through more than 30 online services available on the website, as well as avail the service of the real estate consultant via the l & # 39; application on smart devices, easily and easily.