Real Estate Development Fund deposited SR 868 million in the accounts of “Residential” beneficiaries from the Ministry of Municipal and Rural Affairs and Housing for August 2022.

Mansour bin Madi, CEO of the Fund, explained that the total support for this month was allocated to support the profits of subsidized mortgage contracts, pointing out that the total amount deposited in the accounts of the beneficiaries of Housing since the announcement of the transformation program in June 2017 until August 2022 amounted to 40 billion riyals.

Mansour bin Madi, CEO of the Fund, said that the total support for this month was allocated to support the profits of subsidized mortgage contracts.