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About Real Estate Development Fund REDF
The Real Estate Development Fund (REDF) is a Saudi Arabian government entity established in 1974. It operates under the National Development Fund and focuses on providing housing financing solutions to help citizens achieve homeownership. With a capital of SAR 191 billion, REDF has historically lent over SAR 134.1 billion and serves a wide range of clients through its 35 branches across the country.
REDF offers various loan programs, including personal housing loans and investment loans for residential and commercial projects. It collaborates with more than 13 financial institutions to deliver these housing solutions. The fund also provides digital services through its online portal, allowing users to apply for and manage loans conveniently. REDF plays a vital role in supporting Saudi Arabia's Vision 2030 by enhancing housing accessibility and urban development, contributing to the nation's economic diversification goals.
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