During the first 100 days of King Salman’s reign, the Real Estate Development Fund reviewed a number of decisions and issued some of them; we list the most important decisions here:
March 11, 2015
Royal decree relieving Minister Al-Duwaihi of his post and appointing Dr. Essam bin Saeed as Minister of Housing
Sunday, March 22, 2015
The Minister of Housing-designate confirms that transforming the Real Estate Development Fund into an independent financial institution is one of the main objectives to support the Fund
March 23, 2015
Under the direction of the Minister of Housing, the Real Estate Development Fund holds workshops to discuss its future programs to develop rapid solutions for the waiting lists of 430,000 citizens
March 24, 2015
The Fund holds its second workshop for developers and lenders to reduce the loan waiting period for those registered on the loan application lists
April 5, 2015
The Real Estate Development Fund launches a women’s section in Al-Sharqiyah
April 12, 2015
Real Estate Development Fund Launches Call Center to Serve Citizens (920010092)
Wednesday, April 15, 2015
The Real Estate Development Fund’s Riyadh Branch Sets Review Dates for Those Included in the New Loan Batch
April 22, 2015
The Real Estate Development Fund Approves Seven Important New Resolutions to Promote Homeownership for Citizens
First: Approval of the executive regulations for investment loans.
Second: Raising the maximum building age to 25 years for all those eligible for residential mortgage loans.
Third: Permitting those who wish to build one or more additional residential units on a building that was previously financed.
Fourth: Allowing joint loans to be granted to a group of borrowers.
Fifth: Approval of financing Fund loans under the "off-plan sale" system.
Sixth: Approval of the implementation of the "Early Home Ownership" program.
Seventh: Approval of the transfer of a “loan application” submitted to the Fund from one person to another with whom the applicant has a first-degree kinship relationship (parents, children, and siblings) who meet the loan conditions.
May 5, 2015
Approval to extend the one-year grace period granted to those whose loans have been approved for another year
