The Saudi Housing Guarantee Services Company “Damanat” participates, In the work of the third edition of the Future of Real Estate Forum, which is held under the auspices of the Ministry of Municipal Rural Affairs and Housing from January 22 to 24, 2024, in Riyadh under the theme “The Power of Resilience The forum is attended by representatives from more than 85 countries and 300 speakers representing both the public and private sectors along with a group of economists, investors, decision-makers,
Damanat’s participation in the forum comes within the framework of its commitment to its active role in enabling citizens to own adequate housing. By offering innovative financing guarantee products, Through partners in institutions and funding bodies, With the aim of contributing to the promotion of housing and social stability, Improving and developing the performance of the real estate sector, In order to achieve the goals of the housing program – one of the programs of the Kingdom’s Vision 2030 – to raise the percentage of citizens’ ownership to 70% by the end of 2030.
in which CEO Hossam bin Youssef Radwan participates, the company will showcase its financial guarantee solutions and products for the current year 2024. The company will also highlight its future strategy and plans,which include offering a variety of insurance products to ensure that financing reaches a larger segment of citizens, reducing and sharing financial risks with financing bodies and continuing to develop products that enhance integration with the housing system, ensuring the efficiency and quality of financing solutions and facilitating homeownership
Damanat’s booth at the forum introduces visitors to the most prominent financial guarantee products offered by the company to stimulate financing bodies such as banks and financial companies This aims to enhance their role in financing segments that are not targeted by banks by reducing the credit risks associated with the real estate financing process which helps directly overcome the challenges facing these segments and thus enable them to obtain real estate financing.