With the aim of diversifying options to take advantage of off-plan sales products, ready-to-move-in residential units, or self-build projects; the Real Estate Development Fund, Al-Bilad Bank, and the Saudi British Bank “Al-Awwal” signed two framework agreements for financing packages Updated Housing Support Program for housing support packages, in the presence of Majed Al-Hogail, Minister of Municipal, Rural Affairs, and Housing.
The two agreements allow beneficiaries to receive immediate, non-refundable support of up to 150,000 riyals, Mansour bin Madhi, CEO of the Real Estate Fund, explained that this step is an extension of the strategic partnership within a series of partnerships with banks and mortgage finance institutions, emphasizing that the updated housing support program and its diverse housing support packages are designed to meet beneficiaries" needs through the options and solutions offered by the updated housing support program, in line with their varying financial capabilities and their need for suitable housing.
