The Real Estate Development Fund intends to distribute mortgage loans to five thousand citizens, worth more than 2.5 billion riyals at the end of this Rajab. Engineer Yousef bin Abdullah Al-Zughaibi, Director General of the Fund, confirmed that the Fund, in accordance with the high directives and the follow-up of the Minister of Housing, will continue to disburse payments every month, which contributes to the construction of housing units by citizens according to serial numbers.

In the same context, Al-Zughaibi explained that the Acting Minister of Housing and Chairman of the Board of Directors of the Real Estate Development Fund, Dr. Issam bin Saad bin Saeed, agreed to extend the one-year grace period granted to all citizens approved for lending before 24/10/1435 AH, ending on 10/25/1436 to benefit from the loan or suspend it or stop it after the one-year grace period.

Al-Zughaibi said that the Fund, in accordance with the high directives, and the follow-up of the Minister of Housing, will continue to disburse the payments every month.