Al Rajhi Bank has strengthened its partnership with the real estate development financing sector by signing a cooperation agreement with Al Diyar Arab Real Estate Development Company, This agreement builds on the existing partnership between the two parties and aims to provide real estate products to Al Rajhi Bank’s customers, and to finance residential projects developed by Al-Diyar Arab, particularly in light of the company’s expansion plans and new projects. Al-Diyar Arab is one of the bank’s key partners in real estate development projects, and Al-Rajhi Bank provides its customers with real estate financing services, The agreement was signed by Mr. Nayef Al-Attawi, CEO of Al-Diyar Arab Company, and Mr. Majid Al-Rajhi, General Manager of the Retail Banking Group at the bank.

The bank continues to align with the government’s expansion plans to provide real estate products in line with the Kingdom’s Vision 2030, which aims to increase homeownership rates among citizens, and it works continuously to provide products to real estate developers.

It is worth noting that cooperation between the two parties began with the launch of the “Sakani” program and the start of work on a number of residential projects, connecting developers and banks through a single system to facilitate financing and meet the high demand for residential products in the Saudi market. This cooperation will intensify as Al-Diyar Al-Arabiya implements its expansion plans through new projects in several regions of the Kingdom, primarily the Central and Western regions.