REDF deposits SAR 1.37 bln into Sakani beneficiary accounts for October 2019

06/11/2019 Argaam

 

The Saudi Real Estate Development Fund (REDF) has deposited SAR 1.37 billion into the accounts of Sakani program beneficiaries for October 2019, Saudi Press Agency (SPA) reported, citing a fund statement.

 

Out of the total deposited amount, around SAR 235 million were deposited into the accounts of the beneficiaries of the loan subsidy program, while SAR 1.13 billion went into the housing loans for military personnel in service initiative.

 

The total deposited amounts from the beginning of the program in June 2017 to October 2019 amounts to SAR 9.47 billion, of which SAR 1.83 billion were allocated for Sakani program, and SAR 7.64 billion for the housing loans of military personnel

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