The Real Estate Development Fund announced today, Tuesday, that it had deposited 1.11 billion riyals into the accounts of beneficiaries of the Sakani program from the Ministry of Municipalities and Housing and the Real Estate Fund for the month of December 2024.

Mansour bin Madi, CEO of the Real Estate Development Fund, said that the total subsidy for the current month of December was allocated to support payments under various housing support programs, bringing the total deposited during the current year to approximately 11.9 billion riyals.

He added that the diversity of housing support programs, which include various financing solutions and benefits, aims to facilitate the journey toward homeownership, noting that the continuity of monthly housing support is intended to improve beneficiaries" ability to own a home, thereby achieving the housing program’s objectives.

It should be noted that the Real Estate Development Fund provides housing support programs electronically through the Fund’s online portal. It has also launched the ”Real Estate Advisor” service to enable beneficiaries to tailor their housing support and receive the best financing and housing recommendations.