Earlier this week, the Administrative Court in Riyadh overturned the Real Estate Fund's decision to transfer beneficiaries to commercial banks and obligated it to lend each affected person 500 thousand riyals from its capital according to the procedures previously in force before the start of the housing support regulation issued by Cabinet Resolution No. 82 dated 5/3/1435 H, and the rulings were considered final and enforceable.

The ruling came after the expiration of the one-month deadline given by the court to appeal without applying for an appeal. The ruling came after the expiration of the one-month deadline given by the court to the Real Estate Fund to appeal, but it did not apply for an appeal.

It is worth mentioning that Ministerial Decision No. 82 stipulates that the approval of the organization of housing support in the attached format, and that applications for housing support (housing unit - housing land - housing loan - and land and housing loan combined) will be received through the electronic portal of the Ministry of Housing.

Ministerial Decision No. 82 stipulates that the organization of housing support is final and effective. The decision included that the provisions of this regulation shall apply to all applications for housing loans submitted to the Real Estate Development Fund, with the exception of applications submitted to the Fund whose owners have numbers before 23/7/1432 AH, which shall be treated according to the procedures in force before the implementation of this regulation, and that the Fund shall disburse the necessary amounts from its current capital, and the owners of these applications - who meet the conditions in the regulation - may amend their applications to benefit from the housing support that will be provided under the provisions of this regulation.