Mr. Mansour bin Madi appointed CEO of the Real Estate Development Fund


(MENAFN – Mid-East.Info)
Mr. Mansour bin Saeed bin Madi as CEO of Real Estate Development Fund

Dubai, United Arab Emirates: The Board of Directors of the Real Estate Development Fund, chaired by His Excellency Mr. Majid bin Abdullah Al-Hogail, Minister of Municipal Rural Affairs and Housing, approved the appointment of Mr. Mansour bin Saeed bin Madi as CEO of the Real Estate Development Fund. Mr. Bin Madi expressed his gratitude and gratitude to His Excellency the Minister of Municipal Rural Affairs and Housing, the Chairman of the Board of Directors of the Fund and the members of the Board for their confidence, stressing that the next step requires efforts. and further dedication to realizing the aspirations of Saudi leaders coinciding with the approval of the new regulation for REDF which gave the Real Estate Development Fund greater authority by focusing on expanding partnerships with the public and private sectors to facilitate the access of Saudi citizens to home ownership.

Mr. Bin Madi mentioned that the Kingdom’s real estate finance industry is currently experiencing gradual development since the launch of Vision 2030, and our goal in the coming phase is to continue urban development and facilitate the customer journey of “ loan subsidized ” for all beneficiaries, in accordance with the fund’s new strategy; in addition to improving the technical infrastructure and performance to achieve the aspirations of Kingdom leaders.

Mr. Mansour bin Madi has over 30 years of leadership and hands-on experience in the financial industry, during which time he has worked on strategy development, planning and launch of various finance and financing products and solutions. as well as leading large digital projects at local and international level. .

He has held many positions, the last of which was his mission as Managing Director of the Real Estate Development Fund. During his time, Mr. bin Madi led the Real Estate Development Fund to significant achievements that contributed to the achievement of the goals of the Saudi Housing Program, where the Real Estate Development Fund found new and innovative methods to accommodate a long waiting list of 15 years in just 3 years to reach the 2020 target (60%) of Saudi housing, thanks to a new loan program “the subsidized loan”, in strong growth compared to 47% in 2017. More than 487,000 Saudi families have benefited from the funding and housing programs provided by the “subsidized”. loan “in various regions of the Kingdom until the end of the first quarter of 2021. The continued achievements go hand in hand with the evolution of the efficiency of e-services, the development of the platform and the application of the ‘ Real Estate Advisor ‘, and expansion with the establishment of more strategic partnerships with strategic financial partners such as banks and real estate finance institutions.

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