The agreement aims to enable beneficiaries to own property in more than 24 housing projects distributed across the Kingdom, comprising 40,000 housing units. The agreement aims to enable beneficiaries to own property in more than 24 residential projects distributed across the Kingdom, comprising more than 40,000 diverse housing units, by providing a competitive financing offer with a low profit margin of up to 2.99%.
This agreement comes as part of the agreement with the Real Estate Fund in Riyadh, in a move that enhances ownership opportunities and supports the stability of the real estate market. This agreement comes within the framework of strengthening strategic partnerships and diversifying financing options, providing beneficiaries of the under-construction housing units product with multiple housing opportunities that suit their needs and financial capabilities and support the objectives of the housing program, one of the programs of the Kingdom's Vision 2030.
The agreement was signed by Louay Al Nahid, CEO of the Real Estate Development Fund, Mohammed Al Batti, CEO of NHC, and Tariq Al Sadhan, CEO of the Saudi National Bank.
The agreement was signed on the part of the Real Estate Development Fund. The Real Estate Development Fund confirmed that the agreement represents a new stage in the process of partnerships with the real estate development sector and financing entities, explaining that the integration of the roles of the three parties contributes to accelerating the pace of ownership of beneficiaries through innovative financing solutions that support the stability of the real estate market and expand ownership options.
<It is noteworthy that the Real Estate Development Fund offers a package of financing solutions for beneficiaries of under-construction housing units, including: Down payment support, which is an immediate non-refundable subsidy of up to 150 thousand riyals, in addition to the “your support equals your installment” financing solution, and in-kind support, in addition to other benefits and solutions that enhance the empowerment of Saudi families to own property.
The Real Estate Development Fund offers a package of financing solutions for beneficiaries of housing units under construction.
