Saudi Fund Chooses 12,000 for Interest-Free Mortgages, Okaz Says

Saudi Arabia will name 12,000 people who will receive mortgages through an interest-free government fund, Okaz reported, citing unnamed sources.

It will be the second group of applicants chosen by the kingdom’s Real Estate Development Fund this year, the newspaper said. About 500,000 people are on waiting lists for the loans, Okaz reported.

To contact the reporter on this story: Zainab Fattah in Dubai on zfattah@bloomberg.net

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.