Press Releases

<p>Riyad Bank announced its participation in RESTATEX, Riyadh Real Estate, Housing and Urban Development Exhibition between 23 and 27 April, 2017 under the patronage of the Housing Minister.</p><p>Through its participation, Riyad Bank will showcase its pioneering experience in the field of real estate finance, substantiate its prominent role in creating financing solutions tailored to meet the customer needs to own suitable properties, and will also offer special deals throughout the exhibition.</p><p>Riyad Bank provides a wide range of real estate financing solutions for readymade and incomplete properties or pieces of land, in addition to the possibility of joint finance for spouses or family members.</p><p>Riyad Bank is one of the first Saudi banks to launch The Subsidized Home Finance Program in collaboration with the Ministry of Housing and The Real Estate Development Fund. This will allow Saudi citizens, who have been granted an approval for home financing, to get a financial subsidy to cover the profit margin amount.</p><p>The Bank offers a variety of different facilities for every mortgage application, such as the ability to finance up to an amount of SAR 5,000,000 and a repayment period of up to 30 years, with Shariah-compliant forms of Murabaha and Ijara.</p>