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Amalak

Own your home now in Ithraa project, developed by Amalak, and get a 2% discount on all units for Riyad Bank customers. 

Through distinguished Mortgage Loan products provided by Riyad Bank

 
  • 2% discount on the units
  • A financing amount of up to SAR 5 million
  • Flexible payment plans
  • Shari’a compliant
  • Credit Counseling
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More Information 

• Developer Name: Amalak
• Project name: Ithraa
• City: Dammam
• Neighborhood: Al shubaily – Al hamra
Project Description: Ithraa residential project offers modern design housing units that matches your ambitions and aspirations
 
 

Features:

  • 2% discount on the units
  • Smart entry
  • Electronic gates
  •  Units up to 160 meters
  • Warranty up to 10 years

  • Offers is valid until 31/08/2023

  • Available to Saudis only

  • Salary transfer is not required for all customers, except for retirees and unaccredited private sector employees

  • Minimum salary:

  • The government and military sector and major companies:

  • For salary transfers: SAR 5,000

  • For non-salary transferees: SAR 8,000

  • Certified companies in the private sector:

  • For salary transfers: SAR 5,000

  • For non-salary transferees: SAR 8,000

  • Non-accredited companies in the private sector:

  • For salary transfers: SAR 8,000

  • Retired clients with salary transfer only: SAR 3,000

  • Bank employees without salary transfers: SAR 8,000

  • Customer must be 20 years old and above

Terms and conditions apply

 

 All you need to do is visit your nearest Riyad Bank branch with the following documents: documents:

  • ​​​​​​​​​​​​​​Copy of valid Saudi national ID
  • Completed application form for Home Finance
  • Completed applicant undertaking form
  • Completed applicant health declaration
  • Salary certificate with salary details
  • Bank statement
  • Deposit of valuation fees
 

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Employment Eligibility Personal Information
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VAT (15%)

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* All amounts are in S..R
* Please note that these are simulated amounts and they represent an approximation and not the exact numbers.
* For early settlement, financing contracts terms & conditions will be applied
* The Annual Percentage Rate(APR) calculation is based on the default assumption that the financing date is the date of inquiry and first installment due date is the 27th of the following month. Actual APR may vary depending on the final approved financing date and installment schedule and customer specific credit terms.
What's after applying online?

Visit your nearest Riyad Bank branch with the following documents:

  • Copy of valid Saudi national ID
  • Completed application form for Home Finance
  • Completed applicant undertaking form
  • Completed applicant health declaration
  • Salary certificate with salary details
  • Bank statement
  • Deposit of valuation fees

For more information please call our toll free number 800-124-2020

The calculations allow you to only simulate approximate loan amounts and estimated monthly repayments. For exact figures please contact us on: 800-124-2020, or visit any of our branches here.

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