Al-Rajhi bank executes 328 loans under realty fund scheme

31/08/2014 Argaam

Al-Rajhi Bank executed 328 loans under the Saudi Real Estate Development Fund’s additional finance scheme, around 52 percent of the total credit facilities extended by the 15 banks signatory to the program.

 

The additional finance scheme is a joint effort by the Real Estate Development Fund and 15 Saudi financial institutions, aimed to extend bigger loans to Saudi beneficiaries to buy houses.

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