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FINANCIAL NEWS
Saudis to get a total of USD1.3b housing loans
05 Jul 2013
(MENAFN) More than 10,000 Saudi citizens are set to receive housing loans approved by the Saudi government, Saudi Press Agency reported.
Saudi Arabia has approved a total of USD1.3 billion housing loans to help fund 12,018 properties to be built across the Kingdom.
It is the third round of housing loans issued this year as the Kingdom attempts to mitigate its chronic housing shortage compared its rapid rise in the country’s population, which has surpassed 28 million.
The loans are also expected to give a short-term boost to construction and jobs.
More News
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BBK discloses its financial results for the half year ended 30th June 2025
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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