Serving 50,000 citizens through real estate fund loans during the current year

MediaIn / Riyadh December 27,

The Saudi Real Estate Development Fund (SIDF) is keen to meet the needs of all listed citizens and provide them with the appropriate financing options, stressing that during the current year it has managed to serve more than 50,000 citizens and provide subsidized mortgage loans in partnership with banks and financial institutions. Its solutions enable it to cancel queues by launching its “hurry” service, in order to expedite access to the loan without having to wait for the numbers to be announced on a monthly basis.

Fund spokesman Hamoud Al-Osaimi explained that the Fund’s current partnership model has enabled it to achieve significant leaps in the number of beneficiaries of the Fund’s services. In addition, it is expected that all beneficiaries on waiting lists will be served by 2020, indicating that during this period More than 8 thousand beneficiaries monthly, where we notice the increase of numbers in an upward manner, and that through the exhibition “Residential Expo” organized by the Ministry of Housing and Development Fund last month in Riyadh was received more than 12 thousand citizens, and support them through Service “Advisor Property “Recently launched by the Fund.