A key mission of the Real Estate Development Fund (REDF) is to ensure sustainable mortgage subsidy for all Saudi citizens, Khalid Al-Amoudi, the general supervisor of REDF, said on Wednesday.
Speaking at a panel discussion during Euromoney Saudi Arabia 2019, Al-Amoudi said the majority of REDF’s initiatives, services and programs have been launched, and the Fund is currently focusing on expanding and improving them.
He said REDF's new business model aims to maintain sustainable financial resources and to constantly develop them without turning to government support, adding that the executive regulations governing mortgage loans do not imply gender discrimination.
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