Over 73000 women beneficiaries of REDF loans to own a home

Over 73000 women beneficiaries of REDF loans to own a home

The number of Saudi women beneficiaries of real estate loans to own a home, provided by the Real Estate Development Fund (REDF), has reached more than 73,000 until the end of last October.This was part of the Fund's efforts to continue empowering Saudi women to own their first home, according to Mansour Bin Madi, general supervisor of REDF.He said, empowering Saudi women to own a home comes within the policy of REDF since its inception, as women are half of the society and the main pillar to advance the development and construction wheel in the society."The Fund has worked to facilitate and simplify real estate financing procedures to empower all citizens obtaining subsidized real estate loans through electronic and instant procedures,“ he said.According to Madi, the total number of Saudi women beneficiaries of real estate loans, programs and initiatives exceeded 73,800 throughout the Kingdom until the end of October."The current programs allow women to own property according to the conditions