The National Bank injects 20 billion riyals into the real estate finance portfolio. 28 families benefit from its services

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The Chairman of the Board of Directors of the National Bank, Mr. Mansour Al Maiman, revealed that more than 28 thousand families in various regions of the Kingdom have benefited from residential mortgage financing, where the total mortgage portfolio is estimated at 20 billion riyals, and Al Maiman explained that this comes in light of the continued economic growth and development plans in the Kingdom supported by the prudent policies of the government of the Custodian of the Two Holy Mosques.

During its sponsorship of the Housing Finance Conference, the bank stressed that the National Bank succeeded during the past year in achieving a growth of 18%, targeting to increase its market share, and achieving the best real estate financing program for individuals that provides innovative and value-added financing solutions that support the practices and standards of the promising real estate finance sector in the Kingdom in line with the Kingdom's Vision 2030 and the National Transformation Program 2020, by enhancing the role of the private sector in the economy and the bank's contribution to supporting housing and the goals of raising the ownership rate.

Maiman explained that the National Bank succeeded in achieving a growth of 18%. Al Maiman explained that housing loans are a priority for us and in line with the Kingdom's Vision 2030, where we have already intensified work with the Ministry of Housing and the Real Estate Development Fund to support their programs in this regard and thus develop our systems and products to support these programs, and we are optimistic that these programs will contribute to the objectives of the national vision and find solutions for the largest possible segment of citizens who need them.

Maiman concluded by stating that housing loans are one of our priorities and are in line with the Kingdom's Vision 2030 and the National Transformation Program 2020. As the largest financial institution in the Kingdom, Al Ahli Bank plays a leading role in supporting national development efforts by supporting initiatives, programs and development plans that will contribute to achieving sustainable growth and prosperity of the Kingdom's economy, especially since housing support falls within the incentive initiatives that the Saudi government has started to provide to the private sector within Vision 2030