Bloomberg the Company

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Saudi State Fund Approves Home Loans Valued at $1.5 Billion

Don't Miss Out —
Follow us on:

Jan. 28 (Bloomberg) -- Saudi Arabia’s state-run Real Estate Development Fund approved 11,000 loans valued at 5.6 billion riyals ($1.5 billion) to build 13,000 homes, the Saudi Press Agency reported, citing the fund’s director, Mohammed Al-Abadani.

The loans are the first tranche of loans approved in fiscal 2012, it said.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at

To contact the editor responsible for this story: Shaji Mathew at