In a move that seeks to consolidate financial sustainability in the development housing sector, and under the patronage of the Minister of Housing and Municipalities, the Community Development Housing Corporation (Sakan) launched the Joud Endowment Fund, which aims to enhance housing stability and raise the quality of life for citizens.

The Joud Endowment Fund is the largest endowment fund in the field of development housing in Saudi Arabia. The Joud Endowment Fund is the largest endowment fund in the field of development housing in the Kingdom of Saudi Arabia, where the fund is managed by Sakan, and the proceeds of the fund will be directed to developmental housing projects, which is considered in favor of the housing sector within the Kingdom.

The Joud Endowment Fund will provide financial support to the development housing sector. The Joud Endowment Fund, which was launched under the auspices of Ministry of Housing and Municipalities, will support endowment assets within the Kingdom, in addition to playing a role in enhancing the financial independence of the sector in general, which will have an impact on creating a state of sustainable development that extends its impact to deserving families, and will play an important role in promoting partnerships between different parties in the real estate market.

The Joud Endowment Fund will be managed by the Housing Foundation.