The Real Estate Development Fund announced today that it deposited more than 775 million riyals in the accounts of the beneficiaries of “Skeni” from the Ministry of Municipal Affairs, Rural Development and Housing and the “Real Estate Fund” for the month of October 2021.
The CEO of the Real Estate Development Fund, Mansoor bin Maati, explained that the total support for this month was allocated to the profits of the supported real estate financing contracts, noting that the total amount deposited in the accounts of the “Skeni” beneficiaries since the announcement of the transformation program in June 2017 until October this year exceeded 31.7 billion riyals.
Bin Ban Maati stated that what the Mortgage Loan Program achieved through the success of its partnership with financing entities, including banks and financing institutions, contributed to enabling more than 560,000 beneficiaries to obtain suitable housing since the beginning of the transformation until the end of the third quarter of the current year 2021. He emphasized the fund's commitment to maintaining the continuity of support, facilitating and simplifying the procedures for citizens to own housing through the financing and housing options provided by the Mortgage Loan Program.
He stated that determining the 24th of each lunar month as the date for depositing the monthly support for the beneficiaries of the “Skeni” program from the Ministry of Municipal Affairs and Rural Development and Housing Fund comes in line with the fund’s keenness to enable the beneficiaries to benefit from the monthly support before depositing their monthly salary, explaining that the decision to unify the support date aims to simplify, facilitate, and enable Saudi families to own suitable housing.
It is reported that the Real Estate Development Fund provides “backed mortgage” services through more than 43 electronic services via the Fund’s website www.redf.gov.sa, in addition to providing the top 5 financing recommendations through the real estate consultant platform and self-service devices in the Fund’s branches 24 hours a day. The unified call center 199088 and social media channels also answer inquiries and questions from beneficiaries about the “backed mortgage.”
“Real Estate Fund” deposits more than 775 million in the accounts of “Residential” beneficiaries for the month of October
