REDF to reveal waiting list beneficiaries in early 2020: official

16/07/2019 Argaam

 

The Saudi Real Estate Development Fund (REDF) will announce the names of final beneficiaries on the waiting lists in early 2020, Khalid Al-Amoudi, the general supervisor of REDF, said on Monday.

 

“The fund currently supports 12,000 new beneficiaries monthly and targets 15,000 applicants before the end of this year,” Al-Amoudi added during a press conference held by the housing ministry.

 

REDF seeks to finalize loans of over 500,000 applicants on the waiting list by 2020.

 

Read also: Saudi REDF set to finalize loans for waiting list applicants by 2020

 

Citizens can obtain subsidized loans from 16 banks and financing firms in only 24 hours, Al-Amoudi stated.

 

Around 80,600 families across Saudi Arabia benefited from the Sakani program’s various residential options in H1 2019.

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