<The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, launched the «Jood Housing Charity Subscription» campaign launched by the «Joud Housing» platform.

Generous donation

The Custodian of the Two Holy Mosques - may God bless him - donated SAR 150 million, while His Highness the Crown Prince - may God protect him - donated SAR 50 million, as part of the keenness of the wise leadership to support all efforts and initiatives aimed at providing housing for the most needy families.

The Custodian of the Two Holy Mosques - may God bless him - donated SAR 100 million, while His Highness the Crown Prince - may God protect him - donated SAR 50 million.

Innovative initiatives

For his part, Minister of Municipal and Rural Affairs and Housing Majid Al-Hogail said that this generous contribution is not surprising from the Custodian of the Two Holy Mosques and His Royal Highness the Crown Prince, may God protect them; it came as a launch of the Joud Charitable Housing Underwriting Campaign and confirms their support for innovative humanitarian initiatives that integrate the roles of government, private and non-profit organizations.

For his part, Minister of Municipal and Rural Affairs and Housing Majid Al-Hogail said: "This generous contribution is not surprising.

Achieving targets

<Businessman Abdullah Al-Othaim donated 100 million riyals ($26.63 million) to the campaign, adding: »I extend my sincere thanks and gratitude to Al Joud's partner Abdullah Al Othaim for his generous contribution of 100 million riyals, which will have a great impact in advancing development housing and raising the ownership rate to achieve the national targets.«

Haqeel said that businessman Abdullah Al Othaim donated 100 million riyals ($26.63 million) to the campaign.

Charitable Giving

The campaign was launched on the first day of the holy month of Ramadan at the headquarters of the Ministry of Municipal and Rural Affairs and Housing, in the presence of a number of princes, ministers and leaders of partner organizations for the first charitable underwriting in the housing sector globally, which aims to mobilize charitable donations from generous individuals and institutions to support families most in need of housing in the Kingdom.

With the aim of mobilizing charitable donations from generous individuals and institutions to support families most in need of housing in the Kingdom.

The Winning Share

This year's campaign was launched under the slogan "Your Green Share for Life«; to mimic in its style the offering of corporate shares on the stock market, and introduces the concept of »Winning Share« with charitable and social profits to contribute to the housing of 3500 families in need, by allowing community participation in providing one billion riyals divided into 100 million shares throughout the Holy Month, during which the shareholder can donate a value starting from only 10 riyals.

Jood Platform

The Jood Platform is one of the initiatives of the Community Development Housing Foundation, which aims to engage community members in community development programs and achieve social solidarity, according to a controlled mechanism that ensures the delivery of charitable giving to its beneficiaries.

Overcoming barriers

The campaign's underwriting barrier exceeded SAR 500 million, surpassing half of the campaign's target value of SAR 1 billion on the seventh night of the Holy Month, and these bids came from the moment the bell rang on the first day of Ramadan.

These bids came from the moment the bell rang on the first day of Ramadan.

Quality Sponsorships

The campaign kicked off with quality sponsorships and active partnerships from the public and private sectors, represented by the General Authority for Endowments, Al Rajhi Bank, STC Group, National Housing Company, Ajlan & Brothers Group, Khuzam Real Estate, Samu Holding, Al Arabiya Channel, Al Ekhbariya Channel, MBC and Al Arabiya Channel.

Al Arabiya Channel.

Housing Security

The General Authority for Endowments contributed 10 percent of the value of each contribution, amounting to 100 million riyals, while businessman Abdullah Al Othaim announced his subscription to the campaign worth 100 million riyals to enable the neediest families to achieve housing security.

Al Othaim announced his subscription to the campaign worth 100 million riyals to enable the neediest families to achieve housing security.

New contributions

Ajlan & Brothers Group and Khuzam Real Estate Development announced subscribing to the platform with 50 million riyals each, and businessman Abdulaziz Baghlif announced that he and his brothers will contribute 30 million riyals.

Ajlan & Brothers Group.

Covering the need

Generous contributions of SAR 10 million each from Smo Holding, Sulaiman Al Habib Medical Group, and Bin Jarallah, as part of the campaign's efforts to cover the housing needs of needy families around the Kingdom.

Cover the Need

Innovative model

The Joud Housing Charity Underwriting Campaign is an extension of the innovative model adopted by the Joud Housing platform to provide housing for families in dire need and increase the contribution of the non-profit sector in achieving national targets, by innovating solutions and qualitative initiatives to urge the community to give and provide a helping hand to families most in need of housing support, in an ambitious initiative that is the largest in the history of the charitable housing sector.

Joud Housing Charity Underwriting Campaign.

Charitable Returns

Joud's subscription campaign was designed to mimic the subscription of investment stocks, offering 100 million shares, with a financial value of one billion riyals, under the slogan Your share is green for life, with charitable and social returns that ensure the realization of the values of solidarity and compassion, and support the most needy groups in society.

Joud's subscription campaign was designed to be the largest in the history of the charitable housing sector.