Press Releases

<p>Riyad Bank launched a campaign for its new real estate finance product, which allows customers to obtain financing within 10 days, deferring the first three installments and providing free administrative fees. For all completed or under construction residential real estate in all cities and around the Kingdom, in addition to real estate completed by at least 50% as per the credit policy of Riyad Bank, besides subsidized financing programs and Al-moyassar home mortgage in cooperation with the Real Estate Development Fund and the Ministry of Housing.</p><p>Riyad Bank seeks, through its new campaign, to contribute to empowering citizens working in government sectors, the private sector, the banking sector and retirees to own suitable housing, by harnessing all capabilities and providing the best financing services and solutions to suit their needs, and purchasing power in an easy way and within flexible payment plans.</p><p>It is worth noting that the "Sakani" program exceeded its targets for this year 2020 two months earlier, serving more than 300 thousand families until last October. The program seeks to enable the Saudi family to own their first home and raise ownership percentage to 70% by 2030, in accordance with the objectives of the housing program, one of the Saudi Vision 2030 programs.</p>