The General Supervisor of the Real Estate Development Fund, Ayham Al-Yousef, confirmed that the banks and financial institutions that were signed earlier will be ready to finance beneficiaries within 3 to 4 months. Al-Yousef said that the fund will cancel some of its programs after the completion of the beneficiary lists, while new programs will be updated, adding that the fund will stop receiving applications after the end of its waiting lists after five years. He said that the Real Estate Development Fund aims to finance 90,000 beneficiaries of the financing product annually instead of 85,000, during the next four or five years. He denied the transfer of those who were approved for lending from the fund and were given until 1439 AH, pointing out that they will continue to be supported by the fund itself and that it is not true to transfer them to banks to finance them. The Ministry of Housing announced the first installment of the residential program, which included 15 thousand residential products, including 7700 financing loans within the housing products that the ministry intends to announce, which includes 280 thousand residential products, including 120 thousand housing units, 75 thousand residential plots ready for construction and 85 thousand subsidized financing support from the state.

The Ministry of Housing has announced the first installment of the residential program.