Real Estate Development Fund deposits over SR 839 mln in “Sakani” for March

 Saudi Real Estate Development Fund stated that it has deposited more than SR 839 million in “Sakani” beneficiaries’ accounts for March 2022, so the Fund keeps doing its best to support property loans for Saudi families.

CEO of the Real Estate Development Fund, Mansour Bin Madi, said that total deposits for March reached SR 839 million, which was allocated as subsidized real estate financing contracts. Total amount deposited in the accounts of “Sakani” beneficiaries’ accounts exceeded SR 36 billion since June 2017.

He added that the financing effort in partnership with financiers in addition to automization of services contributed to providing the needed support in time and speeding up the pace of the Housing Program to increase the percentage of Saudi families owning houses to 70% in line with the 2030 Vision.

The fund provides “Subsidized Mortgage” services through more than 43 electronic services via its electronic portal. The beneficiaries’ concerns and questions on “subsidized loans” are answered via the unified call center 199088 and social media platforms.