October 22, 2019 Today’s Paper
  • Bahrain
  • Kuwait
  • Oman
  • Qatar
  • Saudi Arabia
  • UAE
  • Countries News:

115 thousand benefactors haven’t received their properties loans yet in KSA

Saudi Arabia - January 13, 2015
Saudi Properties

The Saudi Properties Development Fund has said that undelivered loans won’t be discarded, they will just stay temporary suspended until they its matter is totally determined.

Loans applicants had to own blank lands in order to get their applications approved according to Yousef El Zoghby, SPDF chairman.

The fund board gave individuals with old loan approvals a period until Shawal 24th 1436 in order to have their loans status reviewed, either they will be directly delivered or postponed to coming periods.

The number of applicants who haven’t received their loans yet reached 115 thousand citizens, it’s worth mentioning that the Saudi Housing Minister declared last December the final number of benefactors which exceeded 750 thousand individuals out of 960397 applicants. The largest number of benefactors came in Mecca, while Riyadh region came second.


Share this page

Join our and be

Keep up with the latest market trends, offers, news, view and how-tos through our newsletter.