The Real Estate Development Fund announced that it has added approximately 124,400 individuals who are in default on their loans to the lists maintained by the Saudi Credit Bureau “Sama.” Sources stated that the total value of the delinquent loans amounts to 30 billion riyals.

The Minister of Housing had previously announced that the Fund would resume lending by disbursing the largest batch in its history next month, It is known that the Fund had delayed announcing new loans while it studied new mechanisms and programs aimed at reducing the waiting period for those on the Fund’s waiting lists.