Company Profile
Offcanvas
Linkedin X-twitter
Company Profile
Edit Template

Our Products

Our Products

Damanat Company stands out for its innovative and varied products and services.

MGS is specifically designed to empower real estate financing for beneficiaries in the semi-bankable segment. This guarantee provides partial risk coverage to financing entities, facilitating homeownership access.

Show More

“Tawer” is designed to facilitate off-plan sales projects and offered to developers to mitigate credit risks in financing. It helps financial institutions reduce credit risks, enabling more qualified developers to access necessary funding during construction.

Coming Soon!

Damanat

Damanat is a strong partner in the field of mortgages, working hard to achieve Vision 2030 towards a sustainable real estate market, by providing innovative guarantee solutions that will contribute towards building a better future and enhancing the quality of life for citizens and society.

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.