Saudi REDF announces $4.35bn finance deal ...United Arab Emirates

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Saudi REDF announces $4.35bn finance deal
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 42
Saudi Arabia’s Real Estate Development Fund (REDF) has announced the signing of a US $3.64bn finance agreement, to help 21,000 citizens get housing benefits. In addition, the REDF deposited more than $719mn in the account of beneficiaries of Sakani, a real estate initiative of the Saudi Ministry of Housing, during the first quarter of 2023. The real estate advisory service of REDF recorded about 53,000 new beneficiaries during the last quarter and issued more than 36,000 financing and housing recommendations, according to the kingdom’s National Development Fund (NDF) in its quarterly report. NDF and its supervised development funds and banks concluded the first quarter with various agreement

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