Sakani beneficiaries to get up to SAR 150,000 immediate, non-refundable grants

Signing ceremony

The Real Estate Development Fund (REDF), Bank Albilad and Saudi British Bank (SABB) signed two framework agreements to finance two of the initiatives under the newly-updated Sakani housing support program.

This came as part of the government’s continuous efforts to further enable homeownership in the Kingdom, in implementation of the Vision 2030 goals for housing support.

The signing ceremony came in the presence of Minister of Municipal and Rural Affairs and Housing, Majid Al-Hogail.

The two agreements are aimed at diversifying housing support options for Sakani beneficiaries, allowing them to obtain immediate, non-refundable grants of up to SAR 150,000 on off-plan, ready-to-move or self-construction housing units.