Al-Haqil Visits #Damanat Company’s Booth and Explores About its Innovative Products

The Minister of Municipal Rural Affairs and Housing, Mr. Majid bin Abdullah Al-Hogail, reviewed the financial products of the Saudi Housing Guarantee Services Company “Damanat” during his visit to the company’s booth at the Real Estate Future Forum.

He was welcomed by the Chairman of the Board of “Damanat”, Mr. Mansour bin Madi, and the company’s CEO, Mr. Hossam Radwan, who gave him a detailed explanation of the innovative guarantee products that “Damanat” offers to banks and financial companies. These products aim to empower citizens and facilitate their access to their first homeownership with a low borrowing cost.

The CEO of “Damanat”, Hossam Radwan, expressed his gratitude and appreciation to the Minister for his presence and continuous support to the real estate sector. He affirmed the company’s commitment to continuing to provide high-quality guarantees to its partners from banks and financial institutions, contributing to the increase in the supply of real estate financing. This aligns with the goals of Saudi Vision 2030, which aims to raise the homeownership rate among citizens to 70% by the end of 2030.