The Saudi Arabian Monetary Agency (SAMA) has directed banks and banks operating in the Kingdom to allow additional working hours on Saturdays to provide services related to the mortgage loan program (subsidized financing) for a year. (Mortgage Loans)

The "Subsidized Finance" program is specialized in financing subsidized housing implemented by the Real Estate Development Fund, in cooperation with participating banks and financing companies. The beneficiary who has been allocated funding will receive his application from one of the real estate financiers according to his choice, and the Fund will pay the financing costs for him fully or partially, depending on the number of family members and income.

Some links to news and reports from Amlak Real Estate Newspaper Issue 187

Real Estate Loans - Real Estate Projects - Investment Opportunities - Licenses

Real Estate Finance - Aramco Stocks - Building & Construction - Mortgage Loans

Editor-in-Chief Abdulaziz Al-Issa explains the story behind Amlak Real Estate's logo

Minister of Commerce and Investment allocates land in Riyadh, Jeddah and Sharqiya to establish international exhibition and conference centers

The Administrative Judiciary Council decides to amend the wording of the project to consider grievances against real estate expropriation decisions

"Tourism Authority" enumerates the advantages of the National Tourism Monitoring Platform at the Riyadh Chamber

Public Authority for Real Estate inaugurates its new headquarters and discusses the latest developments of the real estate registration projects, real estate brokerage, and real estate contributions

Residential platform receives more than 15 million visits, including 702 thousand downloads of the application

The Kingdom's transportation sector jumps to first place in the world in terms of ease of doing business

Al Rajhi REIT acquires educational properties with a purchase value of 210 million riyals

Malakia Investment Company acquires Riyadh hotel apartments worth 50 million riyals

Saudi Arabian Business Magazine recognizes Riyad Bank as "Fastest Growing Bank in 2019"

Ejar program closes 2019 with 570,000 leases and 48,000 inspections

Minister of Housing calls on the private sector to support the Good Housing Initiative

Mortgage Loans

Minister of Housing during the budget program: 14 billion riyals for the building technology incentive program and support for Saudi construction factories

Minister of Housing during the budget program: We exceeded the 2019 targets. "Completion" approved 99 plans ... The owners" association system will be issued soon

Majid Al-Haqeel: 1.8 billion riyals of white land fees to be pumped into infrastructure projects in the housing sector

Al Rajhi Bank Concludes Corporate Credit Risk Management Program

Ministry of Finance Signs Agreement with Saudi Investment Bank to Develop Covenant Disbursement Method

CMA approves 30% shares of Amlak International Real Estate Finance

Enmaa Bank Passes Global Business Continuity Benchmark

Reports expect 1.22 million homes to be financed during Vision 2030

Analysis. Saudi REITs are positive for 9 months

Analysis

As of the end of November 2019, more than 69 billion riyals worth of mortgage loans to individuals from financial institutions

Shura Council calls on Kafalah to develop financing incentives to encourage investment in industry, technology and services

Public Pension Corporation intends to develop and invest 100 thousand square meters. In agreement with Riyadh Capital

UNDP provides technical support for "Development Housing" initiatives

Rusaifa Jewel Housing Project on schedule

12 banks and 5 finance companies shortened the mortgage journey

Housing program offers its services to employees of the Ministries of ”Trade" and "Municipality and Rural Development“

Mortgage Loans