REDF: SAR 1B mortgages offered to Sakani beneficiaries during Cityscape

16/11/2024 Argaam
Logo ofReal Estate Development Fund (REDF)

Logo of Real Estate Development Fund (REDF)

The Real Estate Development Fund (REDF) stated that SAR 1 billion mortgages were provided to Sakani beneficiaries during the Cityscape Global Expo 2024.

 

The fund indicated that this milestone underscores the effectiveness of its strategic partnership with private sector entities, including financial institutions and real estate developers, the Saudi Press Agency reported.

 

REDF highlighted the diversity of financing solutions, which include broader options and benefits to reduce the financial burdens on beneficiaries.

 

This has also contributed to increased demand for housing and financing solutions, enabling more citizens to own suitable homes, the fund noted.

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