The CEO of the Saudi Housing Guarantee Company (Damanat), Hossam bin Yousef Radwan, confirmed, In the next phase, “Damanat” is working to launch new financing products during the first quarter of next year 2024 as part of the continuous efforts to achieve the goals of the housing program – one of the programs of the Kingdom’s Vision 2030.<\/p>\n
The CEO of \u201cDhamanaat\u201d added, The company, which was completed with a capital of 18 billion riyals, is wholly owned by the Real Estate Development Fund. and approved by the Saudi Central Bank (SAMA), Granting it a license to practice insurance activity in the branches of “General Insurance” and “Protection and Savings Insurance”; It will work to achieve the main purpose of its establishment in parallel with the housing system under the supervision of the Central Bank. He indicated that the company is the first of its kind in the Middle East.<\/p>\n
He stated that “Damanat” Company, You will be able to develop the mortgage market, With the support of the Central Bank, which continuously seeks to support the financial sector, Raising the level of effectiveness and flexibility of financial transactions, In addition to enabling innovation in the financial services provided, with the aim of enhancing the level of financial inclusion in the Kingdom, Stressing on the strategic partnership with financing entities from banks and financial institutions aimed at maximizing local and regional opportunities for the growth of the mortgage market in the Kingdom, Leveraging the significant growth in the Saudi finance market, and the attractive business environment it provides for foreign investors, Especially in light of the participation of the Saudi Real Estate Refinance Company, which will support and support banks. and the assistance of “guarantees” for the issuance of bonds, Guided by successful international experiences in this field.<\/p>\n
Hossam Radwan pointed out that “Damanat” has national expertise and competencies. which aims to improve the performance and efficiency of the company’s work and build effective partnerships with success partners from the housing system and financing entities from banks and financial institutions. He stressed that the company is working to enhance the reliance on financial technology and digital transformation processes. In addition to benefiting from the supporting enablers to achieve success and maximize the contribution to the sustainable development of the real estate finance sector in the Kingdom.<\/p>\n","protected":false},"excerpt":{"rendered":"
The CEO of the Saudi Housing Guarantee Company (Damanat), Hossam bin Yousef Radwan, confirmed, In the next phase, “Damanat” is working to launch new financing products during the first quarter of next year 2024 as part of the continuous efforts to achieve the goals of the housing program – one of the programs of the Kingdom’s Vision 2030. The CEO of \u201cDhamanaat\u201d added, The company, which was completed with a capital of 18 billion riyals, is wholly owned by the Real Estate Development Fund. and approved by the Saudi Central Bank (SAMA), Granting it a license to practice insurance activity in the branches of “General Insurance” and “Protection and Savings Insurance”; It will work to achieve the main purpose of its establishment in parallel with the housing system under the supervision of the Central Bank. He indicated that the company is the first of its kind in the Middle East. He stated that “Damanat” Company, You will be able to develop the mortgage market, With the support of the Central Bank, which continuously seeks to support the financial sector, Raising the level of effectiveness and flexibility of financial transactions, In addition to enabling innovation in the financial services provided, with the aim of enhancing the level of financial inclusion in the Kingdom, Stressing on the strategic partnership with financing entities from banks and financial institutions aimed at maximizing local and regional opportunities for the growth of the mortgage market in the Kingdom, Leveraging the significant growth in the Saudi finance market, and the attractive business environment it provides for foreign investors, Especially in light of the participation of the Saudi Real Estate Refinance Company, which will support and support banks. and the assistance of “guarantees” for the issuance of bonds, Guided by successful international experiences in this field. Hossam Radwan pointed out that “Damanat” has national expertise and competencies. which aims to improve the performance and efficiency of the company’s work and build effective partnerships with success partners from the housing system and financing entities from banks and financial institutions. He stressed that the company is working to enhance the reliance on financial technology and digital transformation processes. In addition to benefiting from the supporting enablers to achieve success and maximize the contribution to the sustainable development of the real estate finance sector in the Kingdom.<\/p>\n","protected":false},"author":1,"featured_media":2243,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20],"tags":[],"class_list":["post-4127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"\n