In light of the increasing economic challenges and rising cost of living, the Real Estate Development Fund in Saudi Arabia is seeking to provide innovative solutions that support families in realizing the dream of home ownership. The launch of the Tamkeen Program is a new strategic step aimed at enhancing the ability of citizens to meet their financial obligations by extending the repayment period of mortgage installments to 30 years. The program is an embodiment of the Saudi Vision 2030, contributing to financial stability and promoting adequate housing opportunities for all families. In this report, we will review 10 key facts about the Tamkeen program and its role in supporting Sakani beneficiaries.

In this report, we will review 10 key facts about the Tamkeen program and its role in supporting Sakani beneficiaries.

1. Objective of the program: The Tamkeen Program aims to support the beneficiaries of the Residential Program by extending the repayment period of mortgage installments to 30 years, which helps ease the financial burden on families.

2.

2. History: The program was recently launched by the Real Estate Development Fund as part of the government's efforts to promote home ownership by citizens.

3.

3. Beneficiaries: The program includes all residential program beneficiaries, including low- and middle-income households.

4.

4. Enrollment conditions: The program requires adherence to some conditions, such as the beneficiary must have obtained a mortgage from an approved entity.

5.

5. Subsidized financing: The program offers financial support to beneficiaries, which reduces the cost of financing in the long run.

6.

6. Flexibility in repayment: The program allows beneficiaries to pay installments flexibly, helping them to better manage their budget.

7.

7. Impact of the program on the economy: The program enhances the stability of the housing market in Saudi Arabia and stimulates economic growth by increasing the ownership rate.

8.

8. Government support: The program is part of the government's efforts to achieve Saudi Vision 2030, which aims to increase the rate of home ownership.

9. Registration: Beneficiaries can register for the program through the official website of the Real Estate Development Fund or through Sakani platforms.

10.

10. Future expectations: The Tamkeen program is expected to contribute to improving the standard of living for citizens and enhancing access to suitable and affordable housing.

10.