مجلس نيوز | majlis-news
Today (Wednesday), the Real Estate Development Fund deposited more than 623 million riyals in citizens’ accounts from the beneficiaries of the “Sakani” program from the Ministry of Municipal and Rural Affairs and Housing and the Real Estate Fund for the month of January of this year 2021.
The general supervisor of the fund, Mansour bin Madi, said that the total support for the month of January amounted to 623 million riyals allocated to support residential real estate financing contracts for families.
He indicated that the total amount deposited in the accounts of “Sakani” beneficiaries since the announcement of the fund’s transformation program in June 2017 until this January exceeded 25.6 billion riyals.
He emphasized that the monthly support comes within the strategic objectives of the fund to enable families to own adequate housing in accordance with the financing solutions and housing options provided by the “Sakani” program within easy and accessible procedures.
He pointed out that the subsidized mortgage has enabled more than 424,000 families to own their adequate housing by the end of 2020.