<The Board of Directors of the Real Estate Development Fund agreed to provide loans on the units released from the mortgaged property to the Fund or that have been released from the mortgage according to specific controls, in its meeting held yesterday morning under the chairmanship of H.E. Dr. Essam bin Saad bin Saeed, Acting Minister of Housing and Chairman of the Board. At the beginning of the meeting, the Vice Chairman of the Board, Director General of the Fund, Engineer Yousef bin Abdullah Al-Zughaibi, on behalf of himself and on behalf of the members of the Board, welcomed Dr. Essam and congratulated him on the royal confidence in his assignment as Minister of Housing, wishing him success and success, appreciating the efforts exerted by Dr. Shuwaish bin Saud Al-Duwaihi, former Chairman of the Board of Directors during his presidency of the Board.

The Board heard from the Director General of the Fund, Vice Chairman of the Board, on the annual report of the Fund during the fiscal year 1435/1436H. The Board had asked the Director General of the Fund to present the results of the study carried out by the consultant regarding the development of new lending programs to inform the Board members and discuss them at the next meeting.

The meeting was attended by the members of the Board. <The meeting was attended by the following Board members: Engineer Yousef bin Abdullah Al-Zughaibi, Dr. Sulaiman bin Abdullah Al-Ruwaished, Bandar bin Abdulaziz Al-Waili, Hisham bin Abdullah Al-Haqeel, Engineer Mohammed bin Sulaiman Al-Arifi, Engineer Ali bin Saleh Al-Barrak, Mohammed Omar Qasim Al-Issai, and Saud bin Abdulaziz Al-Ansari.