<\/p>\n
\u00a0<\/strong>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\u2014may God protect them both\u2014launched the \u00abJoud Charitable Housing Subscription<\/a><\/span>\u00bblaunched by the \u00abJood Al-Iskan\u00bb platform.\".<\/p>\n Two generous donations totaling 150 million riyals were made: the Custodian of the Two Holy Mosques\u2014may God support him\u2014donated 100 million riyals, while His Royal Highness the Crown Prince \u2014may God protect him\u2014donated 50 million riyals; this is part of the wise leadership\u2019s commitment to supporting all efforts and initiatives aimed at providing housing for the most needy families.<\/p>\n For his part, Majid Al-Hogail, Minister of Municipal, Rural Affairs, and Housing, said: \u201cThis generous contribution\u2014which comes as no surprise\u2014from the Custodian of the Two Holy Mosques and His Royal Highness the Crown Prince\u2014may God protect them both\u2014 marks the launch of the \u201cJoud Al-Iskan\u201d charitable subscription campaign and reaffirms their support for innovative humanitarian initiatives in which the roles of government, private, and nonprofit entities complement one another.\u201d.<\/p>\n Al-Haqil stated that businessman Abdullah Al-Othaim donated 100 million riyals ($26.63 million) to the campaign, adding: \u00abI extend my sincere thanks and gratitude to my brother and partner in generosity, Abdullah Al-Othaim, for his generous contribution of 100 million riyals to the Joud Charitable Housing Offering, which will have a significant impact on advancing development-oriented housing and increasing homeownership rates to achieve our national goals.\u00bb.<\/p>\n The campaign was launched on the first day of the blessed month of Ramadan at the headquarters of the Ministry of Municipal, Rural Affairs, and Housing, in the presence of a number of princes, ministers, and leaders of partner organizations for the world\u2019s first charitable housing subscription campaign, which aims to mobilize charitable contributions from generous individuals and institutions to support families in the Kingdom most in need of housing.<\/p>\n This year\u2019s campaign was launched under the slogan \u00abYour Share Is Green for Life,\u00bb designed to mimic the style of corporate stock offerings on the stock market. It introduces the concept of a \u00abprofitable share\u00bb that yields charitable and social dividends to help provide housing for 3,500 families in dire need, by enabling community participation in raising one billion riyals, divided into 100 million shares, throughout the holy month, during which contributors can donate as little as 10 riyals.<\/p>\n It is considered\u00a0Jood Platform<\/a>\u00a0Housing is one of the initiatives of the Community Development Housing Foundation aimed at engaging community members in community development programs and fostering social solidarity, through a well-regulated mechanism that ensures charitable donations reach those who are most in need.<\/p>\n Overcoming Obstacles<\/p>\n Subscription to the campaign surpassed the 500 million riyal mark, exceeding half of the campaign\u2019s target of 1 billion riyals on the seventh night of the holy month. These bids began coming in as soon as the bell rang on the first day of Ramadan.<\/p>\n The campaign launched its activities with the support of key sponsors and active partnerships from the public and private sectors, including the General Authority for Endowments, Al Rajhi Bank, STC Group, the National Housing Company, Ajlan & Brothers Group, Khuzam Real Estate Company, Sumo Holding, Al Arabiya TV, Al Ikhbariya TV, MBC, and Al Arabiya TV.<\/p>\n Contributions from the initiative\u2019s partners and major donors doubled, with the General Authority for Endowments matching 10 percent of each contribution, for a total of 100 million riyals, while businessman Abdullah Al-Othaim announced his contribution of 100 million riyals to the campaign to help the most needy families achieve housing security.<\/p>\n The Ajlan & Brothers Group and Khuzam Real Estate Development announced subscriptions to the platform in the amount of 50 million riyals each, while businessman Abdulaziz Baghlif announced that he and his brothers would contribute 30 million riyals.<\/p>\n Generous contributions of 10 million riyals each were made by His Highness Holding, the Sulaiman Al-Habib Medical Group, and Bin Jarallah Company, as part of the campaign\u2019s efforts to meet the housing needs of families in dire need throughout the Kingdom.<\/p>\n The Jood Al-Iskan Charitable Subscription Campaign was an extension of the innovative model adopted by the Jood Al-Iskan platform to provide housing for families in dire need, and to enhance the nonprofit sector\u2019s contribution to achieving national goals by devising innovative solutions and initiatives to encourage the community to give and extend a helping hand to families most in need of housing support, in an ambitious initiative that stands as the largest in the history of the charitable housing sector.<\/p>\n The Jood subscription campaign was designed to mimic the style of an investment stock offering, with 100 million shares offered as part of the campaign, with a total value of one billion riyals, under the slogan \u201cYour Share Is Green for Life,\u201d with charitable and social returns that ensure the values of solidarity and compassion are realized and support the most vulnerable segments of society.<\/p>","protected":false},"excerpt":{"rendered":" Reading time: <\/span> 3<\/span> Minutes<\/span><\/span>\u00abGood Housing Underwriting Philanthropic bids achieve housing security for the \u00bbmost needy\u00ab<\/p>","protected":false},"author":10,"featured_media":55611,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"0","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"footnotes":""},"categories":[100],"tags":[],"class_list":["post-55610","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-residential"],"acf":{"amlak_post_excerpt":"","amlak_post_excerpt_source":{"label":"Amlak 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Generous Donation<\/span><\/h4>\n
Innovative Initiatives<\/span><\/h4>\n
Achieving Targets<\/span><\/h4>\n
Charitable Donations<\/span><\/h4>\n
The Winning Stock<\/span><\/h4>\n
Jood Platform<\/span><\/h4>\n
Specific Sponsorships<\/span><\/h4>\n
Residential Safety<\/span><\/h4>\n
New Contributions<\/span><\/h4>\n
Meeting the Need<\/span><\/h4>\n
An Innovative Model<\/span><\/h4>\n
Charitable Donations<\/span><\/h4>\n