The Real Estate Development Fund was able to collect 190 million riyals from defaulting borrowers with commercial records, within 4 months of the start of the collection campaign that began last Ramadan of the current Hijri year.

Data from the General Directorate of Collection revealed that the number of borrowers with commercial records is estimated at 58,126, who received loans from the Real Estate Fund directly, before transferring them. The data of the General Administration of Collection revealed that the number of borrowers with commercial records is estimated at 58,126 borrowers, who received loans from the capital of the Real Estate Fund directly, before transferring the beneficiaries since February 2017 to borrow from banks and participating entities within the “Mortgage Loan” program.

The total amount disbursed to borrowers with commercial records amounted to more than 20 billion riyals, while the amount of delinquent (defaulted) repayments amounted to about 4 billion riyals, and the Fund's information indicated that the Ministry of Trade and Investment has started to suspend the commercial records of loan defaulters.

The General Directorate of Real Estate Investigation tracks the commercial records of borrowers who default on their loans. <The General Directorate of Collection follows certain mechanisms in collecting loans from defaulters with commercial records, including: Sending a letter to the borrower about the Fund's cooperation with the Ministry of Commerce and Investment to collect defaulted debts, sending a text message to the owner of the record to demand repayment, in addition to the specialized staff calling the owner of the defaulted record from the unified call center to demand repayment.

The General Department of Collection follows certain mechanisms in collecting loans from defaulters.