Sources confirmed that the Real Estate Development Fund is preparing to approve the second installment of the loans approved in the budget of the fiscal year 1436/1437 AH.
Sources confirmed that the Real Estate Development Fund is preparing to approve the second installment of loans approved in the budget of the fiscal year 1436/1437 AH. <The payment, which will benefit more than 5,000 male and female citizens, is expected to be approved and announced late next week, according to the source. In the same direction, the Director General of the Real Estate Development Fund, Engineer Yousef bin Abdullah Al-Zughaibi, confirmed the limitation of the loan approval period to one year only, after the period was open and unlimited, in order to benefit from the amounts allocated to those who were approved and did not implement their loans during the period, stressing that “postponing the loan does not mean depriving the borrower.”.
Also, the Director General of the Real Estate Development Fund confirmed that the period of approval is limited to one year.
