<The Board of Directors of the Real Estate Development Fund issued a number of decisions, as it agreed to extend the grace period granted to all citizens who were approved for the loan for an additional two years starting from 26 Shawwal 1437 to benefit from the loan during this period, as well as allowing Saudi women to buy the property funded by the Fund to replace the original borrower in accordance with the rules and procedures followed by the Fund, and the Fund's Board agreed that the date of the first installment of the Fund's loan installments will be four months after the date of signing the contract for loans for ready buildings, with the first installment for buildings under construction remaining the same after four and The Vice Chairman of the Board of Directors and Director General of the Real Estate Development Fund, Engineer Yousef bin Abdullah Al-Zughaibi, explained after the meeting, which was chaired by the Minister of Housing and Chairman of the Board of Directors of the Fund, Majid bin Abdullah Al-Hogail, at the Fund's headquarters, that the extension of the deadline comes to facilitate citizens in obtaining the appropriate housing in an easy and easy way as well as to benefit citizens from the new initiatives issued by the Fund and give them sufficient time to bear fruit.

Al-Zughaibi said that the Board discussed a number of topics and took decisions on them, namely the Board's approval of the annual report of the Fund's activities during the year 1436-1437 AH, and the Board's approval to allow Saudi women to purchase the property financed by the Fund to replace the original borrower in accordance with the rules and procedures followed by the Fund.

Engineer Al-Zughaibi explained that the Board discussed a number of topics and took decisions on them. Engineer Al-Zughaibi explained that the Board of Directors of the Fund, in order to ensure the commitment of borrowers to pay the installments on time, the Board approved the establishment of a number of eligibility criteria and controls through which the borrower's ability to repay will be confirmed, and these controls will be announced on the Fund's portal in the coming period, and the Board approved the promotion of a number of Fund employees to higher ranks.

The Board also approved the promotion of a number of employees of the Fund to higher ranks.