Under the title »Al Rajhi Bank Finance, Development and Housing Forum», Al Rajhi Bank organized last week in Riyadh its first forum in the real estate and housing sector in partnership with the Real Estate Development Fund in the presence of a group of real estate developers, financing companies, certified valuation companies and bank officials.

Saleh bin Abdullah Al-Zamea, General Manager of the Retail Banking Group at Al Rajhi Bank, said that this forum aims to build bridges between those working in the housing and real estate sectors based on the government's interest in overcoming the obstacles and challenges of the housing sector and taking many new measures and regulations and wise decisions to drive housing development in the Kingdom.

Saleh bin Abdullah Al-Zamea said that this forum aims to build communication bridges between housing and real estate professionals.

The forum discussed four main working papers, the first was entitled "Initiatives of the Real Estate Development Fund to facilitate citizens' ownership of housing", the second paper contained "Obstacles to real estate development" and the third on "Real estate valuation and its relation to the current real estate market", the forum also discussed "Real Estate Finance" at Al Rajhi Bank presented by Yahya Mohammed Abu Hasra, Director of Real Estate Finance Department at the bank.