The Real Estate Development Fund has called on beneficiaries of the third tranche of loans approved in the budget for fiscal year 1436/1437 AH to visit the Fund and take advantage of their loans, which total 2.5 billion riyals and are allocated to more than 5,000 citizens. These loans were approved by Dr. Essam bin Saad bin Saeed, Acting Minister of Housing and Chairman of the Fund’s Board of Directors.

Engineer Yusuf bin Abdullah Al-Zaghibi, Director General of the Fund, noted that those who have received approval but are not ready to utilize the loan within the specified period may apply to the Fund branch or office responsible for their loan and request that the approval be suspended on a voluntary basis; in this case, they will be given priority for reissuance of the approval once they are ready to utilize the loan.

The Director General of the Real Estate Development Fund highlighted the ongoing support the Fund receives from the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, his Crown Prince, and his Deputy Crown Prince, to achieve the goals set in the field of housing development for the prosperity and well-being of citizens.