Saudi families have benefited by being able to own their first homes since the beginning of this year, between (units under construction, self-construction, ready-made units, and Your Land is Your Support), by signing more than 51,256 financing contracts with a total value of 5.3 billion Saudi riyals, with support from the Fund. Real estate development, in cooperation with banks and financial institutions.

This came during the periodic bulletin for the first half of the current year 2024, which was issued by the “Sakani” program, reviewing the most prominent efforts and achievements achieved in the sector to serve Saudi families and enable them to own their first homes by providing many housing options and multiple financing solutions, through which it seeks to raise The percentage of ownership, providing suitable housing for citizens, and improving the quality of life for Saudi families, in line with the objectives of the housing program, one of the programs of the Kingdom’s Vision 2030.

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The bulletin pointed to the diversity of financing solutions provided to beneficiaries. It included 10 various options, the most prominent of which are (financial support matrix, down payment support package, in-kind support, lowest financing profit margin, your support equals your installment, easy mortgage, easy installment, flexible installment, guarantees program).

The bulletin reviewed the performance indicators of the integrated residential projects and suburbs developed by the National Housing Company in various regions of the Kingdom, which are distinguished by providing all service facilities that achieve more than just housing for citizens. The bulletin also dealt with indicators of housing support and housing exhibitions that the program implemented during the same period.

It is noteworthy that “Sakani” seeks to raise home ownership rates for Saudi families in order to achieve the objectives of the housing program - one of the programs of Saudi Vision 2030 - by providing more housing solutions at reasonable prices, creating residential communities with integrated facilities and services, and developing a residential environment that meets all the requirements of modern life and supports luxury. Saudi society.