The Real Estate Fund has begun disbursing loans to eligible applicants who signed contracts to purchase residential units prior to the decision to restructure the loan granting mechanisms, noting that the Fund will begin disbursing real estate loans to eligible recipients within days, and expecting that the current year, 2016, will see the disbursement of approximately six installments in phases to eligible recipients; however, it did not disclose the total value of the loans to be disbursed during the year.

This comes after the Fund announced earlier that it would temporarily suspend the acceptance of loan applications in order to make certain adjustments that will help facilitate and diversify lending options and products.

It is worth noting that the Fund granted eligible applicants a two-year grace period starting from the beginning of last week, with the aim of enabling citizens to benefit from the loan and purchase suitable housing, It has also allowed Saudi women to purchase any property financed by the "Fund," in which case they replace the original borrower, in accordance with the Fund’s established rules and conditions.