"Real Estate" will deposit more than half a billion riyals in the accounts of 68,000 beneficiaries

Real estate loans and beneficiaries of the February military initiative

The Real Estate Development Fund (SRF) deposited $ 593 million in the bank accounts of more than 68,000 beneficiaries of the mortgage loan program, which corresponds to the value of the support allocated to them for February 2019 as a grant. and for the benefit of the beneficiaries of the Military Initiative.

The General Supervisor of the Real Estate Development Fund, Khalid bin Mohammed Al Amoudi, confirmed that in February, 8884 contracts had been signed for the subsidized housing loan, of which 4,279 families had directly purchased housing after finalizing the loan. purchase of ready-to-use products in the market, while the autonomous construction product came in second place. By 2.501 contract of self-construction.

Al Amoudi stated that the Fund would continue to deposit support amounts in the beneficiaries' accounts on a monthly basis, in accordance with the contracts signed with them. He added that the implementation of the wise leadership guidelines provided all means to allow citizens to own the first housing and promote the objectives of the housing program by bringing to 60% the share of citizens owning housing. 39 by 2020 and reach 70% by 2030.

The Director General of the Real Estate Development Fund concluded that the Fund's branches continued to serve citizens all week, but could also use the services of the real estate consultant to provide the necessary advice and support. 199088 to communicate with beneficiaries and answer their questions.