The Real Estate Development Fund announced today that it deposited more than 775 million riyals in the accounts of the beneficiaries of \u201cSkeni\u201d from the Ministry of Municipal Affairs, Rural Development and Housing and the \u201dReal Estate Fund\u201d for the month of October 2021.
The CEO of the Real Estate Development Fund, Mansour bin Maati, explained that the total support for this month has been allocated to the profits of the supported real estate financing contracts, noting that the total amount deposited in the accounts of the \u201cSkeni\u201d beneficiaries since the announcement of the transformation program in June 2017 until October this year exceeded 31.7 billion riyals.
Bin Ban Maati stated that what the Mortgage Loan Program achieved through the success of its partnership with financing entities, including banks and financing institutions, contributed to enabling more than 560,000 beneficiaries to obtain suitable housing since the beginning of the transformation until the end of the third quarter of the current year 2021. He emphasized the fund's commitment to maintaining the continuity of support, facilitating and simplifying the procedures for citizens to own housing through the financing and housing options provided by the Mortgage Loan Program.
He stated that determining the 24th of each lunar month as the date for depositing the monthly support for the beneficiaries of the \u201cSkeni\u201d program from the Ministry of Municipal Affairs and Rural Development and Housing Fund comes in line with the fund\u2019s keenness to enable the beneficiaries to benefit from the monthly support before depositing their monthly salary, explaining that the decision to unify the support date aims to simplify, facilitate, and enable Saudi families to own suitable housing.
It is reported that the Real Estate Development Fund provides \u201cbacked mortgage\u201d services through more than 43 electronic services via the Fund\u2019s website www.redf.gov.sa, in addition to providing the top 5 financing recommendations through the real estate consultant platform and self-service devices in the Fund\u2019s branches 24 hours a day. The unified call center 199088 and social media channels also answer inquiries and questions from beneficiaries regarding the \u201cbacked mortgage.\u201d.<\/p>","protected":false},"excerpt":{"rendered":"
Reading time: <\/span> < 1<\/span> Minute<\/span><\/span>The Real Estate Development Fund announced today that more than 775 million riyals were deposited in the accounts of \u201cResidential\u201d beneficiaries from the Ministry of Municipal and Rural Affairs and Housing and the Real Estate Fund for October 2021. The CEO of the Real Estate Development Fund, Mansour bin Madi, explained that the total support for this month was allocated to the profits of subsidized mortgage contracts, pointing out that the total amount deposited in the accounts of \u201dResidential\u201d beneficiaries ... 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