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SR 5,614 Million Loans Provided by Real Estate Development Fund.

Riyadh, Rabi'I 5, 1433, Jan 28, 2012, SPA - The Director General of Real Estate Development Fund, Mohammed bin Ali Al-Abdani has approved 11,229 loans amounting to SR 5,614 million for building 13, 475 housing units throughout the Kingdom of Saudi Arabia, representing the first installment of loans approved by the Fund in its budget for fiscal year 1433/1434 AH.

In a statement, Al-Abdani expressed his thanks to and appreciation of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud and the Crown Prince for their continuing support for the Fund.

--SPA 13:19 LOCAL TIME 10:19 GMT

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Publication:Saudi Press Agency (SPA)
Date:Jan 28, 2012
Words:120
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