The “Sakani” program recorded a growth in the number of Saudi families benefiting from the subsidized mortgage loan options to buy ready-made and ”under construction” housing units, which exceeded 86 thousand families since the beginning of the year 2021 until September, including 69,497 families who benefited from the subsidized mortgage loan to buy ready-made units, as part of the program's efforts to facilitate the ownership of citizens and enable them to obtain housing options and multiple financing solutions that suit their desires, with the aim of increasing the ownership rate to 70% by 2030 within the targets of the housing program (one of the programs of the Kingdom's Vision 2030).
This number comes within the number of beneficiary families announced by the program since the beginning of this year, which exceeded 160,000 families who benefited from various financing solutions and housing options (self-construction, ready-made units, under construction, land), of which 132,285 families lived in their homes until last September, within easy procedures through the website and application of “Sakani”.
The “Sakani” program offers a subsidized loan option to its beneficiaries, with the aim of enabling Saudi families to own their first home by providing support for the purchase of housing units of their choice from the program's projects under construction or ready-made units, giving beneficiary families the freedom to choose the locations and designs that suit them at appropriate prices and high quality according to their needs and desires.
Sakani also provides through its website and application a range of housing options and services within easy electronic procedures with immediate entitlement, with the ability to review the various housing options in 106 projects providing more than 146 thousand housing units, in addition to 223 residential plans providing more than 180 thousand residential land, issuing quotes, benefiting from the real estate consultant service, choosing typical designs for self-builders, issuing building permits electronically, e-finance and other services.
