Thursday, 23 May 2013 - 13 Rajab 1434 H

Mortgage law not to affect REDF

Last updated: Friday, July 06, 2012 1:06 AM

Abdullah Aal Hatilah
Okaz/Saudi Gazette

JEDDAH — The Saudi Real Estate Development Fund (REDF) said Thursday the mortgage law approved by the Council of Ministers Monday would not affect its lending policies and stressed the fund would continue to give housing loans to citizens. An official source told Okaz/Saudi Gazette that the new move would have a positive effect on the fund’s activities as it offers flexibility and more options to citizens seeking financial assistance to own homes.

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