The Real Estate Development Fund is a Saudi state housing finance body. It is one of three parties to a state-backed lending programme launched to revive the kingdom’s mortgage market, under which it backs mortgages extended by Saudi National Bank.
The programme pairs the fund with the bank and the National Housing Company, which supplies completed homes in Riyadh, Jeddah and Dammam, with monthly instalments starting from SAR699 and aimed at first-time buyers.
Facts compiled by Executive Moves from publicly available news and press releases on 15 July 2026. Spotted an inaccuracy? Email us and we'll review within 1 business day.
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