The Real Estate Development Fund (REDF) has announced the deposit of more than 965 million riyals in the accounts of the beneficiaries of ”Sakani” from the Ministry of Municipal and Rural Affairs and Housing and the Real Estate Fund for the month of February 2024.
56.6 billion riyals total support from the launch of the program
The Fund's CEO, Mansour bin Madi, said that the total subsidy for the current month of February was allocated to support the profits of the contracts of the various housing support programs. He pointed out that the total amount deposited in the accounts of residential beneficiaries since the announcement of the transformation program in June 2017 until February is about 56.6 billion riyals.
The Fund's CEO said: “Depositing the housing subsidy comes out of the Fund's keenness to improve the ability of beneficiaries to own property. He pointed out that the housing support program continues to enable beneficiaries to choose the appropriate housing product to meet their desires to own property and benefit from supportive programs in accordance with their financial capabilities.”
He added. He added that the housing support program aims to increase the efficiency of housing support for the beneficiaries of “Sakani”, as it includes various benefits and housing and financing solutions that enhance the chances of owning suitable housing.
He added that the housing support program aims to increase the efficiency of housing support for the beneficiaries of "Sakani".
Real Estate Development Fund
It is noteworthy that Real Estate Development Fund provides the services of housing support programs through more than 43 digital services through the Fund's portal, and provided the "Design Your Support" service within the real estate advisor platform to enable beneficiaries to design their housing support and obtain the best financing and housing recommendations, while the unified call center 199088 and social media channels respond to inquiries and questions of beneficiaries.
