The total amount available to the Real Estate Development Fund for lending at the present time is 17 billion riyals, while the outstanding loans lent to citizens recorded 157 billion riyals as of the end of 2016.
For his part, the supervisor of the Real Estate Development Fund, Khaled Al-Amoudi, explained that with the amounts currently available to the Fund, service can be provided to only 34 thousand out of 500 thousand, indicating that the total non-performing loans amounted to 32 billion riyals, adding that the expected collection amounts annually amount to 6 billion riyals, stressing that the number of beneficiaries of these amounts is 12 thousand people every year. Amoudi pointed out that if the Fund is satisfied with this pace without developing programs, it will need 40 years to serve all beneficiaries with an average of 12 thousand beneficiaries annually
