<The General Supervisor of the Real Estate Development Fund, Khalid bin Mohammed Al Amoudi, confirmed the immediate start of providing a subsidized financing program at 100% for “committee beneficiaries”, whose loan applications have been approved by the Study Committee and number 2470 beneficiaries, in implementation of the vision of the Real Estate Development Fund, as the interest of the citizen is the first and main pillar since its inception. The “committee beneficiaries” segment includes a number of social security beneficiaries, orphans, low-income people, and mortgagees of the Real Estate Development Fund. Al-Amoudi explained that an agreement has been reached with a number of participating financial institutions to lend to the committee's beneficiaries, with the Fund bearing the profits of the mortgage provided to them at a rate of 100%. The General Supervisor of the Real Estate Development Fund confirmed that communication has already started with the concerned beneficiaries, to complete all their procedures as soon as possible, and enable them to obtain financing urgently and immediately.

Al-Amoudi explained that the Real Estate Fund's move came within the framework of Vision 2030, which would contribute to raising the percentage of Saudi home ownership from 47% to 52%, in addition to that the Fund also aims to find appropriate financing solutions for all beneficiaries on its lists without exception, urging beneficiaries wishing to inquire to contact the Beneficiary Care Center 920010092 for further clarifications related to this matter.

The General Supervisor of the Real Estate Development Fund stressed that they have already started communicating with the concerned beneficiaries to complete their procedures as quickly as possible and enable them to obtain financing urgently and immediately.