<The partnership between the Ministry of Housing, the Real Estate Fund, banks and financing companies has shortened the way for the beneficiaries of the Residential Program to own their first home by taking advantage of the various housing options available through the “Residential” application, within the framework of the Kingdom's Vision 2030, which emphasizes the involvement of the private sector in development. (Mortgage Loans)

Activating the role of banks in loans

The relationship with local banks and finance companies constituted a new turning point in the path of real estate loans and activating the true meaning of the role of banks in their participation in development, which was reflected in facilitating the journey of ownership, reducing waiting lists from an average of 12 years before 2017 to immediate acceptance in 2019, and the role of the Ministry of Housing in the role of supervision and follow-up and enacting legislation and regulations that regulate the relationship in the real estate market.

Diverse subsidized options

The partnership with financing entities provides various subsidized options; after it was limited to the option of buying ready-made housing with unsubsidized mortgages, where subsidized mortgages provide beneficiaries with the option of buying ready-made units, under construction and self-construction in addition to providing a good loan for active military personnel, civilians and retirees of certain age groups.3 categories of beneficiaries

3 categories of beneficiaries The subsidized real estate loans with banks and financial institutions serve 3 categories of beneficiaries who can receive support directly through the financing entities, including civilian and military government employees, private sector employees, as well as freelancers and entrepreneurs.

12 banks and 5 companies serving mortgage loans

<The list included 12 banks represented by: Alinma, Al Rajhi, Al Arabi, Saudi Fransi, Al Bilad, Riyadh, Al Ahli, SAB, Al Jazeera, Samba, Al Awal, Saudi Investment, and 5 finance companies: Bedaya, Deutsche, Dar Al Tamleek, Saudi Home Finance Company and Amlak.
Beneficiaries can log in through their account in the Sakani application for smart devices and choose the appropriate bank or financing company; after obtaining advice from the real estate consultant service, and complete the ownership procedures with ease and ease.

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

Mortgage Loans - Real Estate Projects - Investment Opportunities -

Real Estate Finance - Aramco Stocks - Building and Construction - Real Estate Loans

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

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

The 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

Mortgage Loans

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 will 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

580 residential facilities prepare for Jazan Winter Festival

Including 500,000 electronic power of attorney issuances, Ministry of Justice monitors 1.5 million transactions through notarization services

Ministry of Justice monitors 1.5 million transactions through notarization services

Starting to receive applications for shops to practice work (24) hours

Mortgage Loans

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

During the mid-year vacation, "Trade and Investment“ provides licenses for discounts for free

The Saudi Arabian Monetary Agency (SAMA) directed banks to work on Saturday to provide (subsidized financing) services