Saudi Arabia's Real Estate Development Fund appoints Mansour bin Madi as CEO
He previously held the fund's general manager post.
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He previously held the fund's general manager post.
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RIYADH: Saudi Arabia’s Sakani program helped 70,000 families in the first quarter of 2021, surpassing its target of serving 51,000 families. Sakani was formed in 2017 by the Ministry of Housing and the Real Estate Development Fund with the aim of facilitating home ownership in the Kingdom through the creation of new housing stock, allocating plots and homes to nationals and financing their purchase. It has a goal of reaching 70% home ownership by 2030. Sakani revealed the data at an event in Riyadh on Thursday where it announced the launch of an online home finance app, SPA reported. The...