Bidaya Home Finance Company has confirmed that it is working to enhance the rate of home ownership in the Kingdom in cooperation with its relevant partners in line with the context of the general vision of the national economy, which is driven by strong and sustainable demand for the real estate sector.

Mazen bin Ahmed Al Ghoneim, CEO of Bedaya Home Finance, praised the memorandum of understanding signed by the company with the Off-Map Sale or Leasing Committee “Wafi” in the presence of H.E. Mr. Majid bin Abdullah Al Hogail, Minister of Housing, and on the part of the Off-Map Sale Committee “Wafi” Mr. Mohammed Al Ghazwani, Secretary General of the Off-Map Sale Committee and a number of senior ministry officials.

<The agreement aims to provide housing finance services for under-construction projects licensed by Wafi, and is in line with Bedaya Home Finance's efforts to facilitate home ownership whether ready or under construction. Customers wishing to own their homes in under-construction projects can now obtain the required approvals for Istisnaa contracts and then financing.

It is worth mentioning that Bidaya Home Finance is now available for under-construction projects licensed by Wafi. It is worth noting that the company offers many privileges to citizens who are considering owning their homes for the first time, and is always working to simplify home ownership procedures, rely on information technology and educate customers on how to own and obtain the company's products and services, in parallel with the great transformation plan adopted by the Kingdom “Saudi Vision 2030” to enhance the housing sector.

Bedaya Home Finance is also working on simplifying the procedures of home ownership, relying on information technology and educating and sensitizing customers on how to own and obtain the company's products and services.