Shoura increases real estate loan to SR500,000

Published 22 Jun 2009
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Shoura increases real estate loan to SR500,000
RIYADH – The Shoura (Consultative) Council on Sunday increased the real estate loan limit to SR500,000. It also increased the Development Fund’s capital.
At its 33rd session, as "Al-Watan" newspaper said, the Council reviewed the annual report of the Development Fund and approved that all citizens must receive the same amount of loans in all parts of the Kingdom. The Council members also expressed their happiness at the occasion hailing the King’s development efforts including reforms in the judicial system, Allegiance-Pledge Commission among many other things, Dr. Mohammed Al-Ghamdi, Secretary of Shoura Council, said.
Al Ghamdi added that the council also approved the memorandum of understanding draft between the Ministry of Communication and Information Technology and Tunisian Ministry of Communication Technologies.

Last Modified Date: 10/02/2013 - 4:45 PM Saudi Arabia Time


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