Beneficiaries of Saudi Arabia’s Sakani program to receive funding on time

Sakani is a program provided by the Ministry of Housing and the Real Estate Development Fund

  
Image used for illustrative purpose. A view shows newly constructed residential buildings in Riyadh

Image used for illustrative purpose. A view shows newly constructed residential buildings in Riyadh

REUTERS/FAISAL NASSER

RIYADH: The General Supervisor of the Real Estate Development Fund (REDF), Mansour Bin Madi, stressed the fund’s commitment to deposit the monthly funding for the beneficiaries of Sakani program on time this month.

Sakani is a program provided by the Ministry of Housing and the Real Estate Development Fund to allocate fully contructed and to be-built housing units and residential products across Saudi Arabia.

Bin Madi said: “The funds will be deposited in the accounts of beneficiaries on time this month,” noting the solidity of the electronic services provided by the housing ministry, banks and finance corporations.

Bin Madi highlighted the strong coordination between the REDF, the Housing Ministry and the private sector’s finance corporations to provide highly effective and precise services for beneficiaries, allowing them to submit an application to receive “subsidized loans,” complete all the required procedures by signing the contract and receiving the adequate housing without the help of employees or the need to visit the branches.

Bin Madi said that REDF will continue its routine work and will not be affected by the preventive and precautionary measures ordered by the government of King Salman to suspend visits to governmental authorities for 16 days, stressing the concern of the Sakani program to help citizens own properties and complete their procedures without delay.

He said REDF provided more than 30 electronic services for citizens online, without the need to visit branches, in addition to a real-estate adviser application that facilitates the procedure in a timely manner.

REDF has also deployed an online team working around the clock to provide support and assistance to help beneficiaries get access to the subsidized funding. Beneficiaries can call 199088 or contact REDF on social media for any questions and inquiries related to the housing and financial solutions, programs and initiatives.

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