The Secretary General of the Banking Information and Awareness Committee and spokesman for Saudi banks, Talaat Hafez, confirmed that the Real Estate Fund determines the value of subsidized financing for beneficiaries and whether they deserve the full amount of 500 thousand riyals or less, indicating that the banks have nothing to do with this.

Hafez explained that the process is based on certain inputs that are specialized by the Real Estate Fund itself, including the number of family members, income and others, indicating that with regard to the difference if the customer wishes to obtain an additional loan, the bank studies his request based on his credit history and other obligations."

Hafez added that a number of banks do not have anything to do with this. He added that a number of banks have started to implement self-financing for construction, noting that the customer outside the Real Estate Fund is subject to the terms and conditions of each bank.