Saudi Housing Guarantee Services Company “Damanat” Showcases Financial Guarantee Products and Future Plans at Real Estate Future Forum

Damanat participates in the third edition of the Real Estate Future Forum, which is held under the auspices of the Ministry of Municipal Rural Affairs and Housing, from January 22 to 24, 2024, in Riyadh, under the theme “The Power of Resilience .. Building a Sustainable and Prosperous Real Estate Future”. The forum is attended by representatives from more than 85 countries and 300 speakers representing both the public and private sectors, along with a group of economists, investors, decision-makers, and real estate system experts at both local and international levels.

Damanat’s participation in the forum reflects its active role in enabling citizens to own suitable housing by providing innovative financial guarantee products through partners in financial institutions. This aims to contribute to enhancing residential and social stability, improving and developing the performance of the real estate sector, and achieving the objectives of the Housing Program, one of the programs of Vision 2030, to raise the homeownership rate to 70% by the end of 2030.

During the panel discussion held as part of the forum’s activities, in which CEO Hossam bin Youssef Radwan participates, the company will showcase its financial guarantee solutions and products for the current year 2024. The company will also highlight its future strategy and plans, which include offering a variety of insurance products to ensure that financing reaches a larger segment of citizens, reducing and sharing financial risks with financing bodies, and continuing to develop products that enhance integration with the housing system, ensuring the efficiency and quality of financing solutions and facilitating homeownership.

Damanat’s booth at the forum introduces visitors to the most prominent financial guarantee products offered by the company to stimulate financing bodies such as banks and financial companies. This aims to enhance their role in financing segments that are not targeted by banks by reducing the credit risks associated with the real estate financing process, which helps directly overcome the challenges facing these segments and thus enable them to obtain real estate financing.