المملكة: "Real estate fund" Signs a memorandum of understanding to develop housing support programs
He fell "Real Estate Development Fund" and"STC Bank" A memorandum of understanding aims to work together to develop financing solutions for beneficiaries of Housing support, which enhances integration between the two sides, and supports the objectives of the housing program, one of the programs of the Kingdom’s Vision 2030, within the activities of the exhibition "Cityscape Global 2025" Located at the Riyadh Exhibition and Convention Center.
The memorandum includes examining future cooperation opportunities, through developing innovative financing and housing solutions, and aligning them with the needs of beneficiaries, in a way that contributes to improving the quality of services and providing advanced products that achieve added value to the real estate and financial sectors.
Developing housing support programs
The memorandum was signed by the CEO of Real Estate Development Fund Engineer Luay bin Mohammed Al-Nahedh, and Acting CEO of "STC Bank" Muhammad Abdulaziz Al-Furaih, where the two sides confirmed that this step comes within the framework of efforts to strengthen effective partnerships with financing agencies, and support national efforts aimed at enabling Saudi families to own suitable housing.
The Real Estate Development Fund continues to implement its strategy in partnership with banks and financing companies, through the development of housing support programs and digital solutions, in a way that raises the efficiency of the sector and enhances the diversity of financing products available to citizens.
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