{"id":22714,"date":"2018-11-26T11:19:34","date_gmt":"2018-11-26T08:19:34","guid":{"rendered":"https:\/\/www.amlak.net.sa\/home\/?p=22714"},"modified":"2018-11-26T11:19:34","modified_gmt":"2018-11-26T08:19:34","slug":"%d8%a8%d8%b1%d9%86%d8%a7%d9%85%d8%ac-%d9%85%d8%b3%d8%a7%d9%83%d9%86","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/22714\/","title":{"rendered":"\u201cMasaken\u201d program injects 3.7 billion riyals in financing the real estate of 5306 beneficiaries of state employees"},"content":{"rendered":"<p>Worth 3.7 billion riyals, it succeeded <a href=\"https:\/\/amlak.net.sa\/en\/home\/%d8%a7%d9%84%d9%85%d8%a4%d8%b3%d8%b3%d8%a9-%d8%a7%d9%84%d8%b9%d8%a7%d9%85%d8%a9-%d9%84%d9%84%d8%aa%d9%82%d8%a7%d8%b9%d8%af-%d8%aa%d8%a4%d9%83%d8%af-%d8%a7%d8%b3%d8%aa%d9%81%d8%a7%d8%af%d8%a9\/\">The \u201cMasaken\u201d Program\u201d<\/a> The Subordinate <a href=\"http:\/\/www.pension.gov.sa\" target=\"_blank\" rel=\"noopener\">To the Public Pension Authority<\/a> To provide financing to 5,306 government employees for the purchase and ownership of their own real estate in various regions of the Kingdom. The program stems from the Public Pension Agency\u2019s commitment to growing its financial resources and meeting the needs of its clients as part of its strategic plan, which is aligned with the Kingdom\u2019s Vision 2030.<\/p>\n<p>The Public Pension Agency\u2019s decision to implement a housing program came after a study it conducted revealed that government employees and retirees needed a program for purchasing homes and real estate that would meet their needs and help them secure suitable housing.<\/p>\n<p>The Public Pension Agency administers the program in accordance with the policies and standards established by the Agency,<\/p>\n<p>Purchasing and owning the property at the beneficiary\u2019s request and according to their wishes, and then selling it to the beneficiary in installments with a specified profit margin.<\/p>\n<p>The program allows for the transfer of salaries to any local bank, as well as the option to obtain financing even if the customer has other financial obligations, provided that these obligations do not exceed 50 percent of the customer\u2019s total income, as well as the option to purchase residential units within urban areas in all cities and governorates of the Kingdom, and finally, in the event of death, an exemption from the remaining installments and the transfer of the property to the heirs.<\/p>\n<p>It is worth noting that the Foundation recently expanded the pool of beneficiaries of the \u201cMasaken\u201d program, allowing employees and retirees of government agencies covered by the social insurance system to benefit from the program.<\/p>\n<h3><strong>Figures in the Housing Program File<\/strong><\/h3>\n<ul>\n<li>The number of female beneficiaries of the program was 1,456, accounting for 27.4 percent of the total number of beneficiaries.<\/li>\n<li>The number of male beneficiaries was 3,850, accounting for 72.6 percent.<\/li>\n<li>The number of retirees benefiting from the program reached 1,952, representing approximately 36.7 percent.<\/li>\n<li>The remaining percentage was divided between civilians and military personnel currently on active duty.<\/li>\n<\/ul>\n<h3><strong>Features of the Masaken Program<\/strong><\/h3>\n<ul>\n<li>The \u201cMasaken\u201d program offers special benefits, most notably the availability of financing for individuals up to age 70.<\/li>\n<li>Flexible financing terms ranging from 5 to 30 years.<\/li>\n<li>A grace period of up to 6 months at the start of the financing, with the installment amount remaining fixed throughout the financing term.<\/li>\n<li>Promoting solidarity between spouses.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">Minute<\/span><\/span>With a value of 3.7 billion riyals, the \u201cMasaken\u201d program of the Public Pension Agency (PPA) has succeeded in financing 5306 beneficiaries of state employees in purchasing and owning their own properties in various regions of the Kingdom. The program stems from the Public Pension Corporation's keenness to develop its financial resources and meet the needs of its customers as part of its strategic plan in line with the Kingdom's Vision 2030. The organization's move came ... <a title=\"The \u201cMasaken\u201d program is injecting 3.7 billion riyals to finance real estate for 5,306 government employees\" class=\"read-more\" href=\"https:\/\/amlak.net.sa\/en\/22714\/\" aria-label=\"Read more about the \u201cMasaken\u201d program, which is providing 3.7 billion riyals in real estate financing to 5,306 government employees\">Read more<\/a><\/p>","protected":false},"author":10,"featured_media":22715,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"\u0628\u0642\u064a\u0645\u0629 3.7 \u0645\u0644\u064a\u0627\u0631 \u0631\u064a\u0627\u0644 \u0628\u0631\u0646\u0627\u0645\u062c &quot;\u0645\u0633\u0627\u0643\u0646&quot; \u064a\u0645\u0648\u0644 5306 \u0645\u0633\u062a\u0641\u064a\u062f\u0627\u064b \u0645\u0646 \u0645\u0648\u0638\u0641\u064a \u0627\u0644\u062f\u0648\u0644\u0629 \u0641\u064a \u0634\u0631\u0627\u0621 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