Al-Rajhi Bank participated in the «Baitak Jahaz» exhibition, which was held at the Crowne Plaza Hotel under the supervision of the Real Estate Development Fund for beneficiaries in Riyadh from March 1–4, with the participation of a number of real estate companies. The exhibition is specifically designed for the Real Estate Development Fund’s 43,000 beneficiaries.
The exhibition aims to enable real estate financing beneficiaries to purchase residential units from real estate companies at affordable prices, financed by banks participating in the exhibition, with the Fund covering the full financing costs for loans up to 500,000 riyals.
The exhibition’s objectives center on inviting the largest number of Real Estate Fund beneficiaries in the cities of Riyadh and Al-Kharj who wish to own ready-to-move-in units. The exhibition also aims to make it easier for beneficiaries to purchase property through the event.
«KFH Ready» will offer several additional features, such as an online platform for Real Estate Fund beneficiaries to schedule visit appointments, communicating with beneficiaries through the call center, and sending reminder messages to encourage beneficiaries to confirm their attendance at the exhibition. In addition, a team of credit advisors from the bank and the Real Estate Development Fund will be on hand to help provide suitable financing solutions for beneficiaries.
Al Rajhi Bank is offering exclusive deals specifically for Real Estate Fund beneficiaries and exhibition visitors, as well as educating beneficiaries about the bank’s real estate products and answering all questions and inquiries regarding real estate products such as the accelerated loan, subsidized mortgage loans, subsidized “Baytik” and “Zoud” loans, subsidized existing financing, subsidized financing against a mortgage, affordable mortgages, the sale of residential units under construction (marketing only), and ready-to-move-in residential units (Ministry of Housing projects) with no down payment, in addition to various other products and benefits that will be added to the product package designated for beneficiaries of the Real Estate Development Fund, including self-construction and the down payment initiative for civilians and military personnel.
