Exemption in this case • Al-Marsad newspaper

Al-Marsad Newspaper: The President of Al-Rajhi Bank, Abdullah Al-Rajhi, responded to complaints about delaying mortgage payments.

He said during an interview with the “In the Picture” program broadcast on the “Rotana Gulf” channel: For us, payments are within the agreement with the real estate fund, and payment is not made unless there is a report approved by the fund.

And he continued: “If the required construction stage is not reached, the second payment is not disbursed, and the problem is with the beneficiary, not the fund.”

He continued: The interest rate is fixed for the real estate customer throughout the financing period, adding that the deceased is exempt from repayment.