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.