Riyadh - Mubasher: Alinma Bank and the Saudi Real Estate Development Fund (REDF) has signed an agreement to establish an affordable mortgage program.
The program provides financing facilities for the bank’s partners, with repayment in 25-year instalments.
According to Abdulmohsen Bin Abdel Aziz Al Fares, the managing director of Alinma, the banks is seeking to deal with the needs of the housing sector in accordance to the Saudi Vision 2030.
