The Real Estate Development Fund announced today the deposit of 884 million riyals in the accounts of “Residential” beneficiaries from the Ministry of Municipal and Rural Affairs and Housing and the Real Estate Fund for the month of October 2022.

The Real Estate Development Fund (REDF) announced today.

The CEO of the Real Estate Fund, Mansour bin Madi, said: The total support for the month of October amounted to 884 million riyals, which was allocated to support the profits of subsidized mortgage contracts; explaining that the total amount deposited in the accounts of the beneficiaries of housing since the announcement of the transformation program in June 2017 until October 2022 amounted to about 41.7 billion riyals.

Mansour Bin Madi, CEO of the Real Estate Fund, said. Bin Madi explained that the deposit of housing support on time confirms the developmental role of the Fund and its economic and social impact in facilitating the journey of beneficiaries to own their homes, stressing the keenness of the Real Estate Fund - based on the sustainability of its programs within more solutions and options - to achieve the targets of the housing program, one of the programs of the Kingdom's Vision 2030, by raising the ownership rate to 70% and providing housing and financing solutions sustainably.

It is noteworthy that the Real Estate Fund provides the services of housing support programs through more than 43 electronic services through the Fund's electronic portal, the real estate advisor service, in addition to self-service devices in all its branches 24 hours a day; while the unified call center 199088 and social media channels respond to inquiries and questions from beneficiaries.