Announced Real Estate Development Fund announced today that 989 million riyals have been deposited into the accounts of “Sakani” beneficiaries from the Ministry of Municipal, Rural Affairs, and Housing and the ”Real Estate Fund” for the month of June 2024.
The CEO of “Real Estate Development Fund” Mansour bin Madi explained that the total June subsidy of 989 million riyals was allocated to support profits from various Housing Support programs.
He added that the total amount deposited into the accounts of “Sakani” beneficiaries since the announcement of the transformation program in June 2017 through June 2024 has reached approximately 60.4 billion riyals.
Bin Madhi emphasized that the housing support program, which offers a variety of financing and housing options, is part of ongoing efforts by the housing system in partnership with approved financing entities to support and enhance beneficiaries’ opportunities to own suitable housing, thereby achieving theobjectives of the Housing Program—one of the programs under the Kingdom’s Vision 2030.
It is worth noting that “the Real Estate Development Fund provides housing support program services electronically through the Fund’s online portal, It has also launched a real estate advisor service to enable beneficiaries to tailor their housing support and receive the best financing and housing recommendations, while the unified call center at 199088 and social media channels respond to beneficiaries’ inquiries and questions.
