The Public Pension Agency has signed an agreement with the Real Estate Development Fund under which monthly payments to the Fund will be deducted from the Agency’s pension payments for retirees who have taken out loans from the Fund.

The agreement, signed by His Excellency Mohammed Al-Nahhas, Governor of the Public Pension Agency, and Khalid Al-Amoudi, General Supervisor of the Real Estate Development Fund, was signed in implementation of Royal Decree No. (7/B/48941) dated 26/9/1425 AH and fulfills the desire of many retired borrowers to facilitate their ability to meet their financial obligations to the Fund.