The CEO of the Real Estate Development Fund, Mansour bin Madi, clarified today (Wednesday) the categories covered by the services of the “Damana” financing program.
He stressed, during his participation in the Future of Real Estate Forum, that the program serves a number of categories, including retirees, those close to retirement, those with low salaries from 3 to 5 thousand riyals, and those responsible, in addition to the owners of some unclassified businesses with some banks.
He pointed out that the market share growth in the real estate finance market in 2016 was 7%, and following the new subsidized loan model it reached 94%.
Video | CEO of the Real Estate Development Fund:
“Damanat” financing program that serves retirees, those close to retirement, and those with low salaries #day_news#news#Future_Real_Future_Forum pic.twitter.com/uwWpFb4gqM
– News channel (@alekhbariyatv) February 23, 2022
