A number of Saudi local media channels have published the press statements said by Youssef Al-Zghaiby, the head of Real Estate Development Fund, about the third batch of the fund certified loans which will be issued this month.
The third batch will include about 5 thousand citizens with a total value of 2.5 billion SAR. Al Zghaiby asked the batch benefactors to take advantage of the loans.
He implied that anyone who has been given the approval can voluntarily suspend the approval process from any of the fund’s branches throughout Saudi Arabia. He will hence have the priority to acquire the fund’s approval one more time in any of the coming batches.
The second batch of real estate loans was issued last month, it included 5945 loans to build 7134 units with a total value of 2.97 billion SAR. The first batch was issued in February at a value of 3.997 billion SAR.