The Real Estate Development Fund denied any move to raise the value of the upcoming payments to 600 thousand riyals, and an official source stressed that the news circulated by the media over the past few days is not true, and the source noted that such a trend has not been discussed or studied.

The same source appealed to the media parties to be accurate in reporting the news and not to fall behind the news issued by official sources in the Real Estate Fund. The same source appealed to media organizations to be accurate in reporting news and not to be swayed by news that is not issued by official sources in the Real Estate Fund, adding that the Fund is committed to what its Board of Directors, headed by Housing Minister Majid bin Abdullah Al-Hogail, approves, and the Fund continues to implement all initiatives and products that were previously presented; and work has begun on their implementation.

It is noteworthy that the Minister of Housing, Mr. Majid bin Abdullah Al-Hogail, is the Minister of Housing.

It is noteworthy that Housing Minister Majid Al-Hogail, on the first official working days after his appointment at the Real Estate Fund ceremony, emphasized the importance of the Fund's role in housing development in the Kingdom, and praised what the Fund has provided during its past years, where the Fund had a great role and achievements in its field, making it trusted by everyone.

The Fund is committed to the approval of its Board of Directors headed by Housing Minister Majid bin Abdullah Al-Hogail.