Media ININ Economy We Trust
Media In / Riyadh 25 November 2018
The Saudi Public Pension Agency, through the Masaken program, developed its financial resources and met the needs of its clients, which allows the state employees to purchase and own the property. The beneficiaries of the program were 5306 beneficiaries. The value of their properties amounted to about 3.7 billion riyals
The number of beneficiaries of the program was 1456 women, with 27.4 per cent of the beneficiaries, while the number of male beneficiaries was 3850, 72.6 per cent, while the beneficiaries of the program benefited from a program of about 36.7 per cent, while the rest were civilian and military. On the job.
Masaken offers special advantages, most notably financing for people up to the age of 70, flexibility in the financing period from 5 years to 30 years, granting a grace period of up to 6 months at the beginning of the financing,
The program has enabled the transfer of salaries to any local bank and the possibility of financing with other financial obligations on the client, provided that these liabilities do not exceed 50% of the total income, as well as the possibility of purchasing housing units within the urban area in all cities and governorates of the Kingdom. Of the rest of the installments and emptying the property for the benefit of the heirs.
