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

  • 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.


Dr. Kholood Mohamed, head of Tabuk’s regional council

Updated 10 min 26 sec ago

Dr. Kholood Mohamed, head of Tabuk’s regional council

Dr. Kholood Mohamed has become the first woman in the Kingdom to head Tabuk’s regional council, with the Saudi interior minister approving her appointment as the body’s secretary-general.
Al-Khamis called on Tabuk Gov. Prince Fahd bin Sultan on Monday and the prince congratulated her on her new position, emphasizing the role of Saudi women in government agencies.
She is an assistant professor of inorganic chemistry and supervisor of the chemistry department at the University of Tabuk.
She joined the university in 2010 as a teaching assistant in the science faculty, later becoming a lecturer and then being promoted to associate professor.
She did her doctorate in inorganic chemistry from Howard University in the US in 2018. She obtained her master’s degree from King Saud University in Riyadh and her bachelor’s degree from the University of Tabuk.
Al-Khamis is a member of several scientific bodies such as the Supreme Committee of Prince Fahd bin Sultan Award for Scientific Excellence, American Chemical Society, and the Committee for the National Olympiad for Scientific Creativity.
She has presented many research studies during her career, and participated locally and abroad in specialist activities in the science field.