<The General Department of Real Estate Investment at the Public Pension Agency revealed that the number of housing units that were financed through the (Masaken) program reached 3680 housing units with a total financing value of 2450 million riyals, by the end of the fiscal year 1434/1435 AH. The General Directorate of Real Estate Investment also confirmed that the institution is working on adapting the conditions of the program to meet the needs of those wishing to benefit from it and comply with their housing requirements, such as financing more than one housing unit, reducing the minimum salary, raising the age of the financed housing to 20 years and the conditions of solidarity between spouses, expecting the number of beneficiaries to jump to more than 4500 beneficiaries before the end of the current year 2014.”
It turns out that teachers are among the largest groups of society benefiting from the program, which has achieved its main objectives by providing the necessary financing that enables beneficiaries to own housing at a time when it is an investment program for retirement funds, through which funding reaches 5 million riyals after the institution worked to expand the segment of retirees benefiting from the program and provide the opportunity to finance up to the age of 70 years for the last installment, as those who are 65 years old can obtain a financing period of up to 5 years.

When the program was launched, the number of beneficiaries jumped to 4,500 beneficiaries by the end of the current year 2014.