Real Estate Development Fund: Launching a program for those unable to borrow from financial institutions in the next three months

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Hamoud Al-Osaimi, official spokesman for the Real Estate Development Fund, said that the Fund intends to start working in the next three months on a program dedicated to segments unable to borrow from financial institutions due to their poor solvency and ability to repay, in cooperation with the Ministry of Housing's development housing. According to Al-Eqtisadiya newspaper, the program includes widows, divorced women, low-income people and social security beneficiaries, noting that the Fund is currently working on the procedures and mechanisms for this program before it is implemented.

Usaimi added. Al-Osaimi explained that the Fund is working with banks and financing companies to study the cases of beneficiaries who stop repaying the loan for reasons beyond their control, such as dismissal from work and suspension of salary to find appropriate solutions for them until they return to work again.

Osaimi explained that the Fund is currently working on the procedures and mechanisms for this program before its implementation.