RIYADH — About 570,000 Saudis who have taken loans from the Real Estate Development Fund (REDF) have not updated their information, the organization said, adding that it was facing difficulty to collect installments from those clients.

"Without correct data the fund will not be able to recover its money from clients who have taken loans," a senior official at the fund told Al-Watan Arabic daily.

The fund intends to collect SR6 billion from defaulters during the current year, the official added.