Saudi Real Estate Fund boosts homeownership with $257m for Sakani program

Saudi Real Estate Fund boosts homeownership with $257m for Sakani program

RIYADH: Homeownership in Saudi Arabia is set to increase as the Real Estate Development Fund deposited SR963 million ($256.7 million) into the accounts of Sakani beneficiaries for March. 

The funds were disbursed to beneficiaries through the Ministry of Municipal and Rural Affairs and Housing, as per the Saudi Press Agency.

The Sakani program facilitates homeownership by providing affordable housing options and financing assistance, particularly targeting individuals facing challenges in accessing the housing market.  Saudi Real Estate Fund boosts homeownership with $257m for Sakani program