The Fund explained that this decision comes out of the Fund's keenness to enable the beneficiaries to benefit from the monthly support before the monthly salary is deposited. The Board, which held its meeting virtually, approved the proposal to cancel the condition of not owning more than two residences to accept the transfer of the mortgage from one property to another property from the previous loans provided by the Fund on the direct lending system, which was required not to find two other residences other than the place of the loan when applying for mortgage transfer.
The Fund indicated that this decision comes from the Fund's keenness to enable beneficiaries to benefit from the monthly support before the deposit of the salary. <He also secured the extension of the deadline for receiving the rest of the direct loan payments until 18-3-1443, in recognition of the circumstances of citizens and their inability to complete construction during the “Corona” pandemic. He called on the beneficiaries to quickly submit what is necessary to complete construction and apply to receive the remaining payments before the deadline expires. <The Council discussed the developments of the digital transformation and the most prominent e-services provided to citizens in order to facilitate and simplify the completion of mortgage loan procedures with ease. He reviewed the electronic services provided to citizens through the beneficiary services platform, the real estate consultant and integration with partners from all parties. The Board also approved a number of decisions to organize the internal work of the Fund, including the adoption of the new organizational structure.
The Board also approved a number of decisions to organize the internal work of the Fund. The Board praised the management and employees of the Fund for their efforts that contributed to achieving the targets by achieving distinguished figures in the number of beneficiaries who owned their homes during the period from June 2017 to the end of 2020, and the meeting was held under the chairmanship of Majid Al-Hogail, Minister of Municipal and Rural Affairs and Housing and Chairman of the Board of Directors of the Real Estate Development Fund at the Fund's headquarters in Riyadh in the presence of Mansour bin Madi, General Supervisor of the Fund and members of the Board of Directors.
The meeting was held under the chairmanship
