RIYADH: The Real Estate Development Fund (REDF) has deposited SR734 million ($196 million) into the accounts of people benefiting from the Sakani program for July.
Sakani is run by the Ministry of Municipal, Rural Affairs and Housing and the REDF, offering Saudis access to land and residential housing through financing solutions with the aim of enabling families to own their first home.
The Kingdom’s Vision 2030 reform plan aims to raise the proportion of residential ownership to 70 percent.
Mansour bin Madi, the REDF’s general supervisor, said that the total amount deposited in accounts since the program’s launch in June 2017 exceeded SR29.6 billion.
REDF provided more than 43 electronic services for citizens online without the need to visit branches, in addition to a real-estate adviser application that facilitates the procedure.
It has also deployed an online team working around the clock to provide support to help beneficiaries get access to the subsidized funding. Beneficiaries can call 199088 or contact REDF on social media for any questions.
$196 million injected into Saudi home loans fund
https://arab.news/2377t
$196 million injected into Saudi home loans fund
- Saudi Arabia’s Vision 2030 reform plan aims to raise the proportion of residential ownership to 70 percent
Saudi leadership offers condolences to Kuwait on death of former Olympic committee president
- Sheikh Salman Hamoud Al-Salman Al-Hamoud Al-Sabah died on Wednesday aged 90
RIYADH: The Saudi leadership expressed condolences to the Kuwaiti leadership following the death of Sheikh Salman Hamoud Al-Salman Al-Hamoud Al-Sabah, the former president of the Kuwait Olympic Committee.
King Salman and Crown Prince Mohammed bin Salman expressed their condolences and sympathy to Kuwaiti Emir Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah. Additionally, the crown prince sent a separate cable of condolences to his Kuwaiti counterpart, Sheikh Sabah Khaled Al-Hamad Al-Mubarak Al-Sabah.
Sheikh Salman died on Wednesday at the age of 90. He was the former president of both the Kuwait Football Federation and the Al-Arabi Sporting Club. Beginning his career as a football player at Al-Arabi in the 1950s, he dedicated 70 years to developing sports in the country.
