The Saudi Mortgage Guarantees Services Company \u201cDamanat\u201d announced the issuance of a decision appointing His Excellency Eng. Loaye Al-Nahedh as Chairman of the Company\u2019s Board of Directors. This strategic appointment reflects Damanat\u2019s direction toward strengthening institutional governance and supporting its mission to empower the housing finance ecosystem, in alignment with the objectives of the Housing Program and Saudi Vision 2030. <\/p>\n
Eng. Al-Nahedh currently serves as Chief Executive Officer of the Real Estate Development Fund and brings more than 20 years of professional experience in executive leadership, business development and institutional transformation. Throughout his career, he has worked across diverse sectors and led several strategic initiatives with significant national impact. <\/p>\n
He has held a number of prominent leadership positions, including Founder and Chief Executive Officer of several companies. Prior to this he was a Management Consultant at McKinsey & Company for seven years and he has also contributed to leading major institutional transformation and strategic development projects at both the local and international levels. <\/p>\n
In the field of governance and institutional participation, Eng. Al-Nahedh has served on several key boards and committees, including the Housing Program Supervising and Steering committees, Board of Directors of REDF, Board Member of Southern Province Cement Company and Chairman of the Audit Committee at Al-Raidah Financial Company, reflecting his deep expertise in governance, risk management, and financial oversight. <\/p>\n
Eng. Al-Nahedh holds a Master of Business Administration (MBA) from Queen\u2019s University in Canada and a Bachelor\u2019s degree in Electrical Engineering from King Fahd University of Petroleum and Minerals, combining a strong engineering background with advanced managerial expertise. <\/p>\n
Damanat affirmed that this appointment comes as part of its efforts to strengthen its role as a key national enabler within the housing ecosystem by providing innovative guarantee solutions that enhance the efficiency and sustainability of housing finance, empower citizens to achieve homeownership, support the real estate development sector, and boost confidence in the residential real estate market. <\/p>\n
The company also expressed its anticipation that Eng. Loaye Al-Nahedh\u2019s leadership and strategic expertise will contribute to supporting the Board\u2019s work, leading the company through its next phase of growth, and enhancing its contribution to achieving national objectives. <\/p>\n","protected":false},"excerpt":{"rendered":"
The Saudi Mortgage Guarantees Services Company \u201cDamanat\u201d announced the issuance of a decision appointing His Excellency Eng. Loaye Al-Nahedh as Chairman of the Company\u2019s Board of Directors. This strategic appointment reflects Damanat\u2019s direction toward strengthening institutional governance and supporting its mission to empower the housing finance ecosystem, in alignment with the objectives of the Housing Program and Saudi Vision 2030. Eng. Al-Nahedh currently serves as Chief Executive Officer of the Real Estate Development Fund and brings more than 20 years of professional experience in executive leadership, business development and institutional transformation. Throughout his career, he has worked across diverse sectors and led several strategic initiatives with significant national impact. He has held a number of prominent leadership positions, including Founder and Chief Executive Officer of several companies. Prior to this he was a Management Consultant at McKinsey & Company for seven years and he has also contributed to leading major institutional transformation and strategic development projects at both the local and international levels. In the field of governance and institutional participation, Eng. Al-Nahedh has served on several key boards and committees, including the Housing Program Supervising and Steering committees, Board of Directors of REDF, Board Member of Southern Province Cement Company and Chairman of the Audit Committee at Al-Raidah Financial Company, reflecting his deep expertise in governance, risk management, and financial oversight. Eng. Al-Nahedh holds a Master of Business Administration (MBA) from Queen\u2019s University in Canada and a Bachelor\u2019s degree in Electrical Engineering from King Fahd University of Petroleum and Minerals, combining a strong engineering background with advanced managerial expertise. Damanat affirmed that this appointment comes as part of its efforts to strengthen its role as a key national enabler within the housing ecosystem by providing innovative guarantee solutions that enhance the efficiency and sustainability of housing finance, empower citizens to achieve homeownership, support the real estate development sector, and boost confidence in the residential real estate market. The company also expressed its anticipation that Eng. Loaye Al-Nahedh\u2019s leadership and strategic expertise will contribute to supporting the Board\u2019s work, leading the company through its next phase of growth, and enhancing its contribution to achieving national objectives.<\/p>\n","protected":false},"author":1,"featured_media":5648,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20],"tags":[],"class_list":["post-5643","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"\n