Saudi Arabia … depositing more than half a billion riyals into the accounts of “Sakani” beneficiaries during September

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Riyadh – Mubasher: The Real Estate Development Fund in the Kingdom of Saudi Arabia announced today, Tuesday, that more than half a billion riyals have been deposited in the accounts of citizens from the beneficiaries of the “Sakani” program from the Ministry of Housing and the Real Estate Development Fund for the month of September – September 2020.

The General Supervisor of the Fund, Mansour bin Madi, said, according to the Saudi Press Agency – SPA, that 525 million riyals of the total support this month were allocated to the profits of subsidized real estate financing contracts.

He pointed out that the total amount deposited in the accounts of “Sakani” beneficiaries since the start of the mortgage loan program in June 2017 until September 2020 exceeded 23.4 billion riyals.

And he indicated that the fund’s announcement of depositing the subsidy in the accounts of citizens from the beneficiaries of the Ministry of Housing and the Real Estate Development Fund on a monthly basis comes to confirm its full commitment to bear the burdens of owning the first home by taking advantage of the “subsidized loan” to obtain the appropriate housing that meets their aspirations and needs through easy and easy financing procedures.

He pointed out that more than 341,000 Saudi families in all regions of the Kingdom have benefited from the “subsidized loan” program since June 2017 until the end of last August of this year 2020, which contributed to stabilizing families’ lives and achieving urban development in all cities and regions of the Kingdom.

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