SAMA says housing loans reached SAR 125 bln in Q1 2018

03/06/2018 Argaam

 

Saudi Arabia’s residential loans portfolio amounted to SAR 125 billion by the end of the first quarter of 2018, said Ahmed Alkholifey, governor of the Saudi Arabian Monetary Authority (SAMA).

 

Banks entered partnerships with the housing ministry and the Real Estate Development Fund (REDF) in a number of projects aiming to expand home ownership in the Kingdom, he said.

 

This helped accelerate getting access to finance with facilitated terms and conditions, he added on Wednesday during an event held by Samba Financial Group to deliver 100 units to families in need, as part of a 500-unit project.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.