1.692 billion riyals injected into home loans fund in Saudi Arabia

1.692 billion riyals injected into home loans fund in Saudi Arabia
The money was deposited in the Real Estate Development Fund. (SPA)
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Updated 07 January 2020

1.692 billion riyals injected into home loans fund in Saudi Arabia

1.692 billion riyals injected into home loans fund in Saudi Arabia
  • The money was deposited in the Real Estate Development Fund

RIYADH: A total of SR1.692 million ($451 million) has been pumped into a fund aimed at helping Saudis to become homeowners.
The money was deposited in the Real Estate Development Fund (REDF) in December last year for beneficiaries of the Sakani program.
The fund’s spokesperson, Hamoud Al-Osaimi, said the monthly funding confirmed the REDF’s determined efforts to support Saudi citizens looking to own their first home.