The agreement The agreement comes within the framework of the strategic partnership with financing entities to provide competitive financing solutions and benefits that facilitate the ownership journey of beneficiaries of housing support programs according to their desires and their actual need to own suitable housing, where the agreement was signed by the Real Estate Fund CEO Mansour bin Madi and Al Ahli Saudi CEO Tariq Al Sadhan.
The agreement was signed on the part of the Real Estate Fund CEO, Mansour bin Madi, and on the part of Al Ahli Saudi CEO, Tariq Al Sadhan.
The CEO of <a href=“https://amlak.net.The agreement aims to provide a financing solution for beneficiaries of the self-construction product and the under-construction housing units product, with the aim of reducing the financing and rental costs for beneficiaries during the construction stages of their homes, explaining that the financing solution offers a competitive advantage for beneficiaries during the period of construction stages, which is up to 3 years from the date of signing the financing contract to own with an installment equal to the value of the subsidy and a maximum of 400 riyals if benefiting from the immediate non-refundable support package of up to 150 thousand riyals.
Mansour bin Madi explained that the agreement aims to make the financing solution available to beneficiaries of the self-construction product and the under-construction housing units product, in order to reduce financing costs and rent to the beneficiaries during the stages of building their homes. Bin Madi pointed out that the ”Your Support Equals Your Installment“ financing solution comes as an extension of the Fund's role in finding supportive solutions to the financing challenges facing beneficiaries and addressing them to facilitate their ownership journey in proportion to their financing capabilities and their actual needs for adequate housing in order to achieve the objectives of the housing program, one of the programs of the Kingdom's Vision 2030.
Bin Madi pointed out that the financing solution ”Your Support Equals Your Installment It is noteworthy that the Real Estate Development Fund offers the "Your Support Equals Your Installment" financing solution for beneficiaries of the self-construction product and the under-construction housing units product, in addition to the advance payment support package that provides an immediate non-refundable payment of up to 150 thousand riyals and additional benefits and financing solutions for beneficiaries“ ownership of suitable housing.
