The Real Estate Development Fund has deposited SR 1 billion and 48 million in
citizens’ accounts benefiting from Sakani Program (My Housing) from the
Ministry of Housing and the Real Estate Development Fund for the current month
of April, after setting the support date earlier for the second month in a row
within the framework of serving citizens and facilitating their affairs.
The General Supervisor of Real Estate Development Fund, Mansour bin Madi, stated that SR 425 million were as allocated in support of the profits of the subsidized real estate contracts, while SR 530 million were provided to the beneficiaries of the Military Support Initiative who are in service in all military sectors, and RS 93 million for the Civilian Support Initiative beneficiaries.
He added that the total amounts deposited by the fund in the accounts of “Sakani” beneficiaries since the announcement of the subsidized real estate loan in June 2017 to the current month of April amounted to about SR 19.111 billion .
Mansour bin Madi also stressed that the Real Estate Fund is committed to continue the procedures that ensure the interests of citizens while working virtually and set a date earlier for depositing housing support for citizens who benefit from real estate financing programs for the second time in a row during the suspension of work in government offices due to the novel Coronavirus pandemic crisis, stressing that the continuity of monthly support for “Sakani” beneficiaries comes as the Real Estate Fund’s priorities.
He praised decisions taken by the government of the Kingdom of Saudi Arabia to limit the spread of the novel Coronavirus COVID-19 pandemic, and its unlimited support for various social and economic fields in the service of citizens.
Source: Saudi Press Agency