The Real Estate Development Fund revealed that the total amount owed by delinquent borrowers has reached 30 billion riyals, indicating that it seeks to collect 3 to 4 billion riyals annually within a new mechanism, and that there is cooperation with the Ministry of Justice for a special study for delinquent borrowers.

Directives were issued to form a committee of some authorities to study the establishment of controls to exempt Real Estate Development Fund borrowers who prove their inability to pay.

Directives had been issued to form a committee from some authorities to study the establishment of controls to exempt Real Estate Development Fund borrowers who prove their inability to repay, especially with the difficulty in collecting from a large segment.

The Fund confirmed that it is seeking within its studies to put the borrower who is late in payment within multiple tranches and collected according to a new schedule, indicating that there are different reactions from citizens regarding the accelerated loan, especially from the legal point of view.

The Real Estate Development Fund announced last March the launch of the Support Center for Subsidized Finance Beneficiaries to announce the start of receiving those eligible for mortgage financing who are facing issues in obtaining financing.

The Fund had approved the Fund's studies to put the delinquent borrower in multiple tranches and collected according to a new schedule. The Fund had approved the allocation of 7.7 thousand applications for new applicants, within the framework of achieving the Fund's 2017 target of providing 85 thousand housing finance.

The Fund had approved 7.7 thousand applications for new applicants, within the framework of achieving the Fund's 2017 target of providing 85 thousand housing finance.