<The Ministry of Housing, represented by the “Sakani” program, intends to provide housing services to employees of the Ministry of Education from the citizens listed in the lists of the Ministry of Housing and the Real Estate Development Fund who meet the conditions of housing support, according to a cooperation agreement signed between the two ministries. (housing products)

The agreement includes providing special and unprecedented benefits for employees of the Ministry of Education, which allows access to an additional good loan of up to 95 thousand riyals for those over the age of 40 years, in addition to the basic subsidized loan of up to 500 thousand riyals as part of the “Civilian Support” initiative, which provides the age group from 40 to 44 years old with an additional good loan of up to 75 thousand riyals, from 45 to 50 years old to benefit from 85 thousand riyals and those aged 50 years and more can benefit from an additional good loan of up to 95 thousand riyals.

According to a cooperation agreement signed between the two ministries, the agreement provides for an additional good loan of up to 95 thousand riyals. <The agreement stipulates facilitating the establishment of “Sakany” exhibitions at the Ministry of Education sites and obtaining all privileges, promotional programs and special exclusive offers from banks and financial institutions, including (Al Rajhi Bank, Al Ahli Bank, Samba Financial Group and Riyad Bank) that were signed during the ceremony. In addition to discounts on a number of housing unit projects in partnership with real estate developers, a discount on the profit margin for those whose monthly income exceeds 14,000 riyals and for those whose salaries are less than 14,000 riyals, full support of profits from the total amount of financing up to 500,000 riyals, and a reduction in the down payment to 5%.

Some links to news and reports from Amlak Real Estate Newspaper Issue 187

Real Estate Products - Real Estate Projects - Residential Products -

Real Estate Finance - Aramco Stocks - Building & Construction - Residential Products

Editor-in-Chief Abdulaziz Al-Issa explains the story behind the Amlak Real Estate logo

Minister of Trade and Investment allocates land in Riyadh, Jeddah and Sharqiya to establish international exhibition and conference centers

Administrative Judiciary Council decides to amend the wording of the project to consider grievances against real estate expropriation decisions

“Tourism Authority” enumerates the advantages of the National Tourism Monitoring Platform at the Riyadh Chamber

Public Authority for Real Estate inaugurates its new headquarters and discusses the latest developments of the real estate registration projects, real estate brokerage, and real estate contributions

Residential platform receives more than 15 million visits, including 702 thousand downloads of the application

The Kingdom's transportation sector jumps to first place in the world in terms of ease of doing business

Al Rajhi REIT acquires educational properties with a purchase value of 210 million riyals

Malakia Investment Company acquires Riyadh hotel apartments worth 50 million riyals

Saudi Arabian Business Magazine recognizes Riyad Bank as “Fastest Growing Bank in 2019”

Ejar program closes 2019 with 570,000 leases and 48,000 inspections

Minister of Housing calls on the private sector to support the Good Housing Initiative

Housing Products

Minister of Housing during the budget program: 14 billion riyals for the building technology incentive program and support for Saudi construction factories

Minister of Housing during the budget program: We exceeded the 2019 targets. “Completion” approved 99 plans ... The owners" association system will be issued soon

Majid Al-Haqeel: 1.8 billion riyals of white land fees to be pumped into infrastructure projects in the housing sector

Al Rajhi Bank concludes "Corporate Credit Risk Management Program“

Ministry of Finance Signs Agreement with Saudi Investment Bank to Develop Covenant Disbursement Method

CMA approves 30% shares of Amlak International Real Estate Finance

Enmaa Bank Passes Global Business Continuity Benchmark

Reports expect 1.22 million homes to be financed during Vision 2030

Analysis. Saudi REITs are positive for 9 months

Analysis

As of the end of November 2019, more than 69 billion riyals worth of mortgage loans to individuals from financial institutions

Shura Council calls on Kafalah to develop financing incentives to encourage investment in industry, technology and services

Public Pension Corporation intends to develop and invest 100 thousand square meters. In agreement with Riyadh Capital

UNDP provides technical support for "Development Housing" initiatives

Rusaifa Jewel Housing Project on schedule

12 banks and 5 finance companies shortened the mortgage journey

Housing program offers its services to employees of the Ministries of ”Trade" and "Municipality and Rural Development“

Housing Products