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Within the project of the Sunrise in King Abdullah Economic City in Rabigh:
Amlak International is implementing the first real estate financing for Ministry of Housing program beneficiaries to acquire ready housing units within King Abdullah Economic City
Amlak Global Real Estate Finance has made another step forward as it is the first real estate finance company in the Kingdom to successfully complete a mortgage financing for subsidized housing loans offered by the Ministry of Housing for those willing to own a ready-made unit within the Al-Shorouq residential project of King Abdullah Economic City in Rabigh.
The new achievement follows the participation of Amlak International in the real estate exhibition hosted by King Abdullah Economic City in Rabigh recently under the auspices of the Ministry of Housing, which resulted in the provision of easy financing solutions to citizens applying for the programs of the ministry and wishing to own prefabricated housing units based on plots of land not under the Ministry Housing, making Amlak International the first real estate finance company to provide financing for property ownership in economic cities.
Amlak CEO Abdullah Al Sudairy expressed his pride in this pioneering step which is part of Amlak's global initiatives aimed at stimulating citizens' housing ownership rates and keeping pace with the programs of the Ministry of Housing to expand the financing options available to citizens applying for residential support programs. Which allows it to complete the process of emptying the real estate in favor of the Economic Cities Authority in order to speed up procedures for the ownership of real estate within the King Abdullah Economic City.
Al Sadairi explained that the financing solutions will be offered to citizens wishing to own ready-made residential units within the economic cities and benefit from all the competitive financing facilities provided by Amlak International to its individual customers, including the long term repayment period of 30 years, 5%, at a time when the Ministry will bear under the programs of subsidized housing profits according to the nature of the program.
Al-Sudairy reiterated that the achievement of this achievement comes in the context of Amlak's global commitment to fulfilling its obligations towards the community and its contribution to supporting the wise leadership in the Kingdom and the Government to provide facilities that increase the percentage of citizens' ownership of housing.

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