Tomorrow, Monday, December 16, 2019, the Ministry of Housing will begin implementing its new initiative to support Ministry of Education employees with interest-free loans of up to 85,000 riyals, as part of a series of initiatives aimed at providing suitable housing for eligible beneficiaries of housing support who apply through its portal. (Mortgage Financing).<\/p>\n
The support covers education sector employees aged 40 to 44, who will receive 75,000 riyals, while those aged 45 to 49 will receive a soft loan of 85,000 riyals, to be repaid over a maximum period of 10 years, at a rate of 625 riyals for those eligible for 75,000, and 708 riyals for those eligible for 85,000.<\/p>\n
The ministry clarified that the initiative to support employees will not include those who have previously benefited from the loan, and will cover both applicants to the Ministry of Housing and those on the Real Estate Fund\u2019s waiting lists. The Ministries of Housing and Education signed a memorandum of understanding in 2016 to provide housing units for Ministry of Education employees in all regions, as part of what is known as \u201cinstitutional housing\u201d projects implemented by the Ministry of Housing, which was later translated into an interest-free \u201cHasan\u201d loan initiative, in addition to the main subsidy of 500,000 riyals, to alleviate the financial burden and the hassle of searching for housing.<\/p>\n
Editor-in-Chief Abdulaziz Alissa explains the story behind Amlak Real Estate Newspaper's logo<\/a><\/p>\n Aramco officially sets IPO price at SAR 32 per share and offers 3 billion shares to individuals and institutions<\/a><\/p>\n Saudi Real Estate Institute accredits Abdulaziz Al-Essa as a trainer in its training courses<\/a><\/p>\n During a workshop at the Riyadh Chamber Bayan allows querying the financial and legal status of 200 million global companies<\/a><\/p>\n On the fifth anniversary of King Salman's pledge of allegiance, the Ministry of Housing reaps the fruits of success<\/a>\u00a0 <\/span><\/p>\n Ministry of Housing launches \u201cSakany\u201d app and new online platform on smart devices<\/a><\/p>\n Mortgage loans to individuals jump to SR9.2 billion in October<\/a><\/p>\n \u201cSAMA invites interested parties to comment on the draft payments system to enhance transparency<\/a><\/p>\n Riyadh to host the first edition of the International Real Estate Exhibition \u201cips\u201d on December 12<\/a><\/p>\n Saudi British Bank (SABB) provides feedback at Saudi Trade Finance Summit<\/a><\/p>\n Gulf Real Estate REIT secures SAR 300 million financing<\/a><\/p>\n Ease of Doing Business Initiatives grants 9 instant visas to full-time business owners<\/a><\/p>\n The Real Estate Contributions Committee \u201cTasfeeha\u201d recovers 6.6 billion. And disbursed 316 million riyals to shareholders last November<\/a><\/p>\n Minister of Housing\u00a0 <\/span>On the fifth anniversary of the Pledge of Allegiance: Achievements over the past years are an indication of the success of Vision 2030<\/a><\/p>\n Residential program offers more than 14,000 options including free land and residential units<\/a><\/p>\n Ministry of Justice issues directive allowing privileged residency holders to use real estate in Makkah and Madinah<\/a><\/p>\n (Monshaat and Al Ahli Bank sign MoUs to support SMEs<\/a><\/p>\n Agreement between Ruya Real Estate Investment Company and Vida Real Estate to operate Ruwaq Cordoba Mall in Riyadh<\/a><\/p>\n Saudi Engineers Organization signs agreement to enable national cadres to manage major projects Investment projects<\/a><\/p>\n Riyad Bank sponsors events to promote women's entrepreneurship and enhance their position in the economic sector<\/a><\/p>\n The Big5 Building and Construction Expo continues with 240 workshops and roundtables<\/a><\/p>\n Ministry of Housing starts developing Rawdat Al Taawun scheme in Jeddah and provides 661 plots of land<\/a><\/p>\n Royal decree appoints Prince Faisal bin Abdulaziz bin Ayyaf Al Muqrin as Secretary of Riyadh<\/span><\/a><\/p>\n The value of the financial market in (Tadawul) is approaching (2) trillion riyals ... 197 companies listed, and Aramco's offering jumps the Kingdom's markets to the top ten<\/a><\/p>\n Exceeding the 2020 target. More than 36% total operations in the retail sector are done electronically<\/a><\/p>\n Itqan Real Estate and the Endowments Authority organize\u00a0 <\/span>The first rental auction in the Western Region<\/a><\/p>\n Government agencies are instructed not to accept requests for proof of land ownership based on hand status or ordinary documents Reviewing the draft Real Estate Ownership Law<\/a><\/p>\n Real Estate Financing<\/p>\n Saudi Engineers Organization completes automation of temporary contract companies The Saudi Engineers Authority completes the automation of temporary contract companies<\/a><\/p>\n Government Tenders and Procurement Law Regulations take effect on December 1st<\/a><\/p>\n The Gulf Economic Association visits Bahrain and congratulates the Speaker of the House of Representatives Bahrain Chamber President celebrates businessmen and calls for the opening of economic borders between countries<\/a><\/p>\n ","protected":false},"excerpt":{"rendered":" Reading time: <\/span> 3<\/span> Minutes<\/span><\/span>Tomorrow, Monday, December 16, 2019, the Ministry of Housing will begin implementing its new initiative to support Ministry of Education employees with interest-free loans of up to 85,000 riyals, as part of a series of initiatives aimed at providing suitable housing for eligible beneficiaries of housing support who apply through its portal. (Mortgage Financing). The support covers Ministry of Education employees between the ages of 40 and 44, with an amount of \u2026 Read more<\/a><\/p>","protected":false},"author":10,"featured_media":27473,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"\u062a\u0645\u0648\u064a\u0644 \u0639\u0642\u0627\u0631\u064a .. \u0648\u0632\u0627\u0631\u0629 \u0627\u0644\u0625\u0633\u0643\u0627\u0646 \u062a\u0628\u062f\u0623 \u062a\u0646\u0641\u064a\u0630 \u0645\u0628\u0627\u062f\u0631\u0629 \u062f\u0639\u0645 \u0645\u0646\u0633\u0648\u0628\u064a \u0648\u0632\u0627\u0631\u0629 \u0627\u0644\u062a\u0639\u0644\u064a\u0645 \u0628\u0642\u0631\u0636 \u0642\u062f\u0631\u0647 85 \u0623\u0644\u0641 \u0631\u064a\u0627\u0644","_seopress_titles_desc":"\u062a\u0645\u0648\u064a\u0644 \u0639\u0642\u0627\u0631\u064a .. \u0648\u0632\u0627\u0631\u0629 \u0627\u0644\u0625\u0633\u0643\u0627\u0646 \u062a\u0628\u062f\u0623 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Estate Financing<\/h4>\n