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Contact Us

Damanat: Innovative Solutions and Sustainable Impact

Contact Us

Available Careers

sales representative

We believe that a healthy work environment enhances creativity and productivity, so we strive to provide a friendly atmosphere filled with cooperation and motivation.

Civil Engineer

We believe that a healthy work environment enhances creativity and productivity, Therefore, we strive to provide a friendly atmosphere filled with cooperation and motivation.

architect

We believe that a healthy work environment enhances creativity and productivity, Therefore, we strive to provide a friendly atmosphere filled with cooperation and motivation.

FAQ

1. What is the main focus of Damanat’s work?

Damanat focuses on providing innovative guarantee products and solutions to financial institutions and entities related to the real estate finance sector, aiming to simplify processes, reduce credit risks, and contribute to the development of the mortgage finance ecosystem in the Kingdom.

Damanat contributes directly to supporting the objectives of Saudi Vision 2030, specifically the goal of raising the homeownership rate to 70%, through:
  • Enabling financial institutions to provide financing to a wider segment of citizens through guarantee products.
  • Supporting stakeholders in the real estate sector to expand housing supply.
  • Strengthening strategic partnerships that promote sustainability and support the growth of the housing sector.

Damanat collaborates with financial institutions (banks and financing companies), stakeholders in the real estate sector, and government entities related to the housing sector.

Damanat does not provide services directly to individuals. It operates under a B2B (Business-to-Business) model, where guarantee products for individuals are offered indirectly through partnerships with financial institutions and companies.

Damanat provides a variety of guarantee products aimed at reducing credit risks and encouraging investment in the real estate sector. This helps partners expand financing and develop projects with greater confidence.

By mitigating credit risks and expanding the participation of financial institutions and stakeholders in the real estate sector, Damanat enhances the stability of the mortgage finance system and makes it more inclusive and effective.

Damanat covers part of the credit risks in mortgage finance portfolios of banks and financing companies, enabling them to serve a larger customer base.

Interested companies can contact us to explore partnership opportunities through the contact details available on our official website, via the Business Development/Partnership Inquiry Form, or by email at:
info@damanat.com.sa

Yes, Damanat offers the design of tailored guarantee solutions according to the different needs of its partners, ensuring the best alignment with their strategies and requirements.

Mr. Rowaid Ajaj

Chief Risk Officer

Experience:

Over 17 years of experience in risk management at several regulatory entities, including the Saudi Central Bank, the National Cybersecurity Authority, and the Insurance Authority in the Kingdom of Saudi Arabia. He has extensive experience in credit risks, individual and corporate financing, audit, compliance, governance, fraud risks, and business continuity Former Head of Real Estate Financing Risk at the National Commercial Bank (NCB), Chief Risk Officer at Deutsche Gulf Finance, and Secretary of the Risk Management Committee..

Key Previous Roles:

Former Head of Real Estate Financing Risk at the National Commercial Bank (NCB)

Chief Risk Officer at Deutsche Gulf Finance, and Secretary of the Risk Management Committee.


Current Role at Damanat:

Chief Risk Officer, Secretary of the Risk Management Committee Secretary of the Investment Committee.


Education and Qualifications:

Holds a Master’s degree in Business Administration a Bachelor’s degree in Engineering from a university in the United Kingdom as well as a professional diploma in anti-fraud and financial crimes.