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Under King's Order, REDF Waives Off SR507 Million Loans For More Than 3,000 Citizens
Saudi Press Agency Published in Saudi Press Agency on 07 - 12 - 2010

In implementation of the royal order of the Custodian of the Two Holy Mosques, King Abdullah Ibn Abdulaziz Al Saud to exempt from the Fund's loans all dead citizens prior to 29/09/1428H, the Real Estate Development Fund (REDF) has exempted 3,247 citizens who died, from loans that amounted to SR 507 million.
The Fund's Acting Director General Eng. Hassan Bin Mohammed Al-Attas, pointed out that the King's order on the exemption from the entire loan also includes the person who dies later than the specified date provided that he has regularly paid the installments of the loan prior to his demise.

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