IslamicFinance.de

The Real Estate Development Fund (REDF) has approved 25,000 loans to help finance construction of 3,000 residential units in cities and provinces in the Kingdom in accordance with its priority list of loan applications.
Hasan Al-Attas, REDF’s Acting Director General, gave a statement to the Saudi Press Agency (SPA) in which was said that the value of the loans amounts to SR7.5 billion, representing the second tranche of the generous support ordered by King Abdullah.