Real Estate Development Fund deposited yesterday, more than 940 million riyals in the accounts of “Residential” beneficiaries from the Ministry of Municipal and Rural Affairs and Housing and the Real Estate Fund for May 2023, as part of its continuous efforts to support beneficiaries, to achieve the objectives of the housing program - one of the programs of Saudi Vision 2030 -.
The Fund's CEO, Mansour bin Madi, said that the total support for the month of May was allocated to support the profits of the contracts of the various housing support programs, noting that the total amount deposited in the accounts of Sakani beneficiaries since the announcement of the transformation program in June 2017 until May 2023, exceeded 48.4 billion riyals.
Bin Madi noted the signing of the two financing agreements for the updated housing support program for the housing support packages with Bank Albilad and Saudi British Bank ”Al Awwal” to allow beneficiaries to obtain immediate non-refundable support of up to 150 thousand riyals, complementing the Fund's efforts to improve the ability of “<a style="color: #993300;" href="http://sakani." to afford housing costs, stressing the continuity of support programs and diversification of financing and housing options within various solutions and benefits, as the updated housing support program provides multiple benefits, including in-kind support, and the state bears the real estate transaction tax for the citizen for the first home up to one million riyals of the purchase value of the home, in addition to the soft mortgage program and the mortgage guarantees program, to facilitate the beneficiaries" journey of ownership of housing in proportion to their different financing capabilities and their need to own suitable housing.
The Real Estate Fund provides the services of housing support programs through more than 43 digital services through the Fund's electronic portal, real estate advisor platform, 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.
