Saudi real estate fund deposits over $278mln in Sakani accounts
Fund committed to continue the procedures that ensure the interests of citizens while working virtually
TradeArabia - 25-Apr-2020
Real Estate Development Fund
Also known as: REDF Last updated on: 24 August 2018
fast facts
Business SummaryProvides funding and financing services for real estate housing projects and cooperates with governmental institutions to support and increase real estate and housing financing and facilities, all in order to develop the real estate sector and the country's economy.Country of IncorporationSaudi ArabiaOwnership TypeGovernmentEstablished In1974Primary SectorFinancial ServicesNumber of Employees-Latest News
funds
More than a billion riyals deposited into Sakani beneficiaries’ accounts in Saudi Arabia
Sakani is a program run by the Ministry of Housing and the REDF to allocate fully constructed and to-be-built housing units and residential products across Saudi Arabia.
Arab News - 22-Apr-2020Saudi Real Estate Fund deposits over $370mln for nationals
Nearly $106mln had been allocated to support the profits of subsidized real estate contracts
Arab News - 22-Mar-2020Beneficiaries 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
Arab News - 16-Mar-2020Saudi Arabia provides $451mln housing funds
Sakani programme developed to allocate residential products for citizens across Saudi Arabia
TradeArabia - 07-Jan-2020Contact details
Primary address
Real Estate Development Fund BuildingKing Abdulaziz Street
Al Wazarat Area
5591
Saudi Arabia
Riyadh
11433
Region
RiyadhCONTACT
- Tel: +966 11-479-2222
- Fax: +966 11-479-0148
- Email: admin@redf.gov.sa
Related links
portal.redf.gov.saFind Out More Information
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