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Real Estate Development Fund provides 1million loan in 4300 city

Saudi Arabia - December 23, 2015

Engineer Youssef ElZogeby (General Manager of Real Estate Development Fund) stated that the fund provided more than 1 million loans in more than 4300 cities and town, in addition to the distribution of more than 21 thousand residential units in the coming period, as the fund also benefited from the support of its capital which exceeded 191 billion riyals.

ElZogeby stated that during the opening of Saudi exhibition for real estate, construction, furniture and decoration “Habitat”, in Al-Qassim Expo inside Buraydah city. He also announced the fund new programs and plans like quick investment loan and real estate loan through the bank which requires 30% prepayment of the loan.

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