{"id":431,"date":"2023-07-29T19:54:03","date_gmt":"2023-07-29T16:54:03","guid":{"rendered":"https:\/\/damanat.smartmedia.sa\/about-us\/"},"modified":"2024-12-10T13:26:51","modified_gmt":"2024-12-10T10:26:51","slug":"about-us","status":"publish","type":"page","link":"https:\/\/damanat.smartmedia.sa\/en\/about-us\/","title":{"rendered":"About Us"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lko99n26-4ac566e69cdeecdf90f07907d952a16d\">\n.avia-section.av-lko99n26-4ac566e69cdeecdf90f07907d952a16d{\nbackground-repeat:no-repeat;\nbackground-image:url(https:\/\/damanat.smartmedia.sa\/wp-content\/uploads\/2023\/07\/About-Banner.png);\nbackground-position:50% 50%;\nbackground-attachment:scroll;\n}\n<\/style>\n<div id='av_section_1'  class='avia-section av-lko99n26-4ac566e69cdeecdf90f07907d952a16d main_color avia-section-small avia-no-border-styling  avia-builder-el-0  el_before_av_section  avia-builder-el-first  background-size-100 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id=\"style-css-av-lko9cdv5-7cebe4301ef59bbf8f1ffe8694aa8f90\">\n.avia-image-container.av-lko9cdv5-7cebe4301ef59bbf8f1ffe8694aa8f90 img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lko9cdv5-7cebe4301ef59bbf8f1ffe8694aa8f90 .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lko9cdv5-7cebe4301ef59bbf8f1ffe8694aa8f90 av-styling- avia-align-center  avia-builder-el-5  avia-builder-el-no-sibling '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" loading=\"lazy\" class='wp-image-459 avia-img-lazy-loading-459 avia_image ' src=\"https:\/\/damanat.smartmedia.sa\/wp-content\/uploads\/2023\/08\/About-En.png\" alt='' title=''  height=\"560\" width=\"570\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/damanat.smartmedia.sa\/wp-content\/uploads\/2023\/08\/About-En.png 570w, 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.av-special-heading-tag{\nfont-size:24px;\npadding:0px 0px 0px 0px;\n}\n.av-special-heading.av-lko9adqf-1b28cf063a8ed205bb7cef1dbfd00c0b .special-heading-inner-border{\nborder-color:#d2b88a;\n}\n.av-special-heading.av-lko9adqf-1b28cf063a8ed205bb7cef1dbfd00c0b .av-subheading{\nfont-size:15px;\n}\n\n@media only screen and (min-width: 480px) and (max-width: 767px){ \n#top #wrap_all .av-special-heading.av-lko9adqf-1b28cf063a8ed205bb7cef1dbfd00c0b .av-special-heading-tag{\nfont-size:0.8em;\n}\n}\n\n@media only screen and (max-width: 479px){ \n#top #wrap_all .av-special-heading.av-lko9adqf-1b28cf063a8ed205bb7cef1dbfd00c0b .av-special-heading-tag{\nfont-size:0.8em;\n}\n}\n<\/style>\n<div  class='av-special-heading av-lko9adqf-1b28cf063a8ed205bb7cef1dbfd00c0b av-special-heading-h2 custom-color-heading blockquote modern-quote  avia-builder-el-9  el_after_av_hr  el_before_av_textblock  av-inherit-size'><h2 class='av-special-heading-tag '  itemprop=\"headline\"  >Saudi Real Estate Mortgage Guarantees Company <span class='special_amp'>&#8220;<\/span>Damanat<span class='special_amp'>&#8221;<\/span><\/h2><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lko9b3h0-d5ec5cbba1368c7e557f460ceb81cb37\">\n#top .av_textblock_section.av-lko9b3h0-d5ec5cbba1368c7e557f460ceb81cb37 .avia_textblock{\ntext-align:justify;\n}\n<\/style>\n<section  class='av_textblock_section av-lko9b3h0-d5ec5cbba1368c7e557f460ceb81cb37 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock bold-text'  itemprop=\"text\" ><p>Established as a closed joint stock company providing real estate mortgage guarantees, with a capital of 18.6 billion riyals, and is the first company of its kind in the MENA. It is wholly owned by the Real Estate Development Fund licensed by the\u00a0Insurance Authority, and is headquartered in the Kingdom of Saudi Arabia in the city of Riyadh.<\/p>\n<p>Damanat seeks to contribute to achieving the goals of Vision 2030 by supporting the housing market to raise the percentage of Saudi families\u2019 ownership of homes to 70%, and develop a secondary market for real estate mortgages in the Kingdom. The company provides mortgage guarantees to banks and financial institutions, insurance products and innovative solutions to individuals and corporate entities.<\/p>\n<\/div><\/section><\/p><\/div><\/div><!--close column table wrapper. Autoclose: 1 -->\n\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lko9hmsk-81f06cd6c9f00c74855831edda1c834d\">\n.avia-section.av-lko9hmsk-81f06cd6c9f00c74855831edda1c834d{\nbackground-repeat:no-repeat;\nbackground-image:url(https:\/\/damanat.smartmedia.sa\/wp-content\/uploads\/2023\/07\/Background-02-1.jpg);\nbackground-position:50% 100%;\nbackground-attachment:scroll;\n}\n<\/style>\n<div id='av_section_3'  class='avia-section av-lko9hmsk-81f06cd6c9f00c74855831edda1c834d footer_color avia-section-no-padding avia-no-border-styling  avia-builder-el-11  el_after_av_section  el_before_av_section  background-size-100 avia-bg-style-scroll container_wrap fullsize'  data-section-bg-repeat='no-repeat'><div class='container av-section-cont-open' ><div class='template-page content  av-content-full alpha units'><div class='post-entry post-entry-type-page post-entry-431'><div 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.av-subheading{\nfont-size:15px;\n}\n\n@media only screen and (min-width: 480px) and (max-width: 767px){ \n#top #wrap_all .av-special-heading.av-h9up2-2b4d2d905b36b3b0e1a85279797a813c .av-special-heading-tag{\nfont-size:0.8em;\n}\n}\n\n@media only screen and (max-width: 479px){ \n#top #wrap_all .av-special-heading.av-h9up2-2b4d2d905b36b3b0e1a85279797a813c .av-special-heading-tag{\nfont-size:0.8em;\n}\n}\n<\/style>\n<div  class='av-special-heading av-h9up2-2b4d2d905b36b3b0e1a85279797a813c av-special-heading-h3 custom-color-heading blockquote modern-quote modern-centered  avia-builder-el-14  el_before_av_textblock  avia-builder-el-first  av-inherit-size'><h3 class='av-special-heading-tag '  itemprop=\"headline\"  >Our Vision<\/h3><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lko9f0vf-ee343179874b192dcfa98b5922e5e3a5\">\n#top .av_textblock_section.av-lko9f0vf-ee343179874b192dcfa98b5922e5e3a5 .avia_textblock{\ntext-align:center;\n}\n<\/style>\n<section  class='av_textblock_section av-lko9f0vf-ee343179874b192dcfa98b5922e5e3a5 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock blockquote-gold-border'  itemprop=\"text\" ><p>Participate in the growth of the real estate sector by providing innovative solutions that will directly contribute to increasing home ownership especially amongst the low income segment of the society.<\/p>\n<\/div><\/section><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-ll82ynbu-73ffe991d6f9d727b9deeb52650dc6e1\">\n#top .hr.av-ll82ynbu-73ffe991d6f9d727b9deeb52650dc6e1{\nmargin-top:0px;\nmargin-bottom:20px;\n}\n.hr.av-ll82ynbu-73ffe991d6f9d727b9deeb52650dc6e1 .hr-inner{\nwidth:100px;\nborder-color:#d2b88a;\n}\n<\/style>\n<div  class='hr av-ll82ynbu-73ffe991d6f9d727b9deeb52650dc6e1 hr-custom  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sizes=\"(max-width: 1440px) 100vw, 1440px\" \/><\/div><\/div><\/div><\/div>\n\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='av_section_4'  class='avia-section av-2m0lsu-ebb33a57c0e508938bf33eaa88899072 main_color avia-section-large avia-no-border-styling  avia-builder-el-19  el_after_av_section  el_before_av_layout_row  av-desktop-hide av-medium-hide av-small-hide av-mini-hide avia-bg-style-scroll container_wrap fullsize'  ><div class='container av-section-cont-open' ><div class='template-page content  av-content-full alpha units'><div class='post-entry post-entry-type-page post-entry-431'><div class='entry-content-wrapper clearfix'>\n<div  class='flex_column av-24s8gu-37d931638b6c7dc6f23b7bb9bfa14bba av_one_full  avia-builder-el-20  avia-builder-el-no-sibling  first flex_column_div av-animated-generic bottom-to-top  '     ><p>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-77k9a-965beadbecd8287e57609c366df7b378\">\n#top .hr.hr-invisible.av-77k9a-965beadbecd8287e57609c366df7b378{\nheight:120px;\n}\n<\/style>\n<div  class='hr av-77k9a-965beadbecd8287e57609c366df7b378 hr-invisible  avia-builder-el-21  el_before_av_heading  avia-builder-el-first '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1z5n9a-a68d6b1042c1ccb83898868cc55671c9\">\n#top .av-special-heading.av-1z5n9a-a68d6b1042c1ccb83898868cc55671c9{\nmargin:0px 0px 0px 0px;\npadding-bottom:0px;\n}\nbody .av-special-heading.av-1z5n9a-a68d6b1042c1ccb83898868cc55671c9 .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n#top #wrap_all .av-special-heading.av-1z5n9a-a68d6b1042c1ccb83898868cc55671c9 .av-special-heading-tag{\npadding:0px 0px 0px 0px;\n}\n.av-special-heading.av-1z5n9a-a68d6b1042c1ccb83898868cc55671c9 .av-subheading{\nfont-size:15px;\n}\n<\/style>\n<div  class='av-special-heading av-1z5n9a-a68d6b1042c1ccb83898868cc55671c9 av-special-heading-h3 blockquote modern-quote modern-centered  avia-builder-el-22  el_after_av_hr  el_before_av_hr '><h3 class='av-special-heading-tag '  itemprop=\"headline\"  >Our Mission:<\/h3><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1tceum-1cf456c55a0e1ca6409113ee68155295\">\n#top .hr.av-1tceum-1cf456c55a0e1ca6409113ee68155295{\nmargin-top:0px;\nmargin-bottom:10px;\n}\n.hr.av-1tceum-1cf456c55a0e1ca6409113ee68155295 .hr-inner{\nwidth:200px;\nborder-color:#d2b88a;\n}\n<\/style>\n<div  class='hr av-1tceum-1cf456c55a0e1ca6409113ee68155295 hr-custom  avia-builder-el-23  el_after_av_heading  el_before_av_heading  hr-center hr-icon-no'><span class='hr-inner inner-border-av-border-fat'><span class=\"hr-inner-style\"><\/span><\/span><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1j0ji6-313975463161785e087cab793bd50b3e\">\n#top .av-special-heading.av-1j0ji6-313975463161785e087cab793bd50b3e{\nmargin:0px 0px 0px 0px;\npadding-bottom:20px;\ncolor:#d2b88a;\nfont-size:24px;\n}\nbody .av-special-heading.av-1j0ji6-313975463161785e087cab793bd50b3e .av-special-heading-tag .heading-char{\nfont-size:25px;\n}\n#top #wrap_all .av-special-heading.av-1j0ji6-313975463161785e087cab793bd50b3e .av-special-heading-tag{\nfont-size:24px;\npadding:0px 0px 0px 0px;\n}\n.av-special-heading.av-1j0ji6-313975463161785e087cab793bd50b3e .special-heading-inner-border{\nborder-color:#d2b88a;\n}\n.av-special-heading.av-1j0ji6-313975463161785e087cab793bd50b3e .av-subheading{\nfont-size:15px;\n}\n\n@media only screen and (min-width: 480px) and (max-width: 767px){ \n#top #wrap_all .av-special-heading.av-1j0ji6-313975463161785e087cab793bd50b3e .av-special-heading-tag{\nfont-size:0.8em;\n}\n}\n\n@media only screen and (max-width: 479px){ \n#top #wrap_all .av-special-heading.av-1j0ji6-313975463161785e087cab793bd50b3e .av-special-heading-tag{\nfont-size:0.8em;\n}\n}\n<\/style>\n<div  class='av-special-heading av-1j0ji6-313975463161785e087cab793bd50b3e av-special-heading-h2 custom-color-heading blockquote modern-quote modern-centered  avia-builder-el-24  el_after_av_hr  el_before_av_textblock  max-width-container-md av-inherit-size'><h2 class='av-special-heading-tag '  itemprop=\"headline\"  >Damanat\u2019s activities include mortgage guarantee products for individuals off plan real estate development, and insurance products<\/h2><div class=\"special-heading-border\"><div class=\"special-heading-inner-border\"><\/div><\/div><\/div><br \/>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-1diese-11cfd2e10fd4949b997d693a3a283daf\">\n#top .av_textblock_section.av-1diese-11cfd2e10fd4949b997d693a3a283daf .avia_textblock{\ntext-align:center;\n}\n<\/style>\n<section  class='av_textblock_section av-1diese-11cfd2e10fd4949b997d693a3a283daf '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock bold-text'  itemprop=\"text\" ><p>These products are designed to enhance the securities\u2019 market, which will help provide financial instruments targeted to attract foreign capital inflows. This is in line with the objectives of Vision 2030 towards increasing homeownership in the Kingdom.<\/p>\n<\/div><\/section><\/p><\/div>\n\n<\/div><\/div><\/div><!-- close content main div --><\/div><\/div><div id='av-layout-grid-1'  class='av-layout-grid-container av-7lmfi-3d958c9277e14f36ee908285ad3c9c4f entry-content-wrapper main_color av-flex-cells  avia-builder-el-26  el_after_av_section  avia-builder-el-last  grid-row-not-first  container_wrap fullsize'  >\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lkun5kcx-3af85dfa59ba4ae680228e648156b946\">\n.flex_cell.av-lkun5kcx-3af85dfa59ba4ae680228e648156b946{\nvertical-align:top;\n}\n.responsive #top #wrap_all .flex_cell.av-lkun5kcx-3af85dfa59ba4ae680228e648156b946{\npadding:140px 45vh 70px 0px !important;\n}\n\n@media only screen and (min-width: 990px){ \n.responsive #top #wrap_all .flex_cell.av-lkun5kcx-3af85dfa59ba4ae680228e648156b946{\npadding:140px 25vh 70px 0px !important;\n}\n}\n\n@media only screen and (min-width: 768px) and (max-width: 989px){ \n.responsive #top #wrap_all .flex_cell.av-lkun5kcx-3af85dfa59ba4ae680228e648156b946{\npadding:140px 20px 70px 20px !important;\n}\n}\n\n@media only screen and (min-width: 480px) and (max-width: 767px){ \n.responsive #top #wrap_all .flex_cell.av-lkun5kcx-3af85dfa59ba4ae680228e648156b946{\npadding:140px 15px 70px 0px !important;\n}\n}\n\n@media only screen and (max-width: 479px){ \n.responsive #top #wrap_all .flex_cell.av-lkun5kcx-3af85dfa59ba4ae680228e648156b946{\npadding:140px 15px 70px 0px !important;\n}\n}\n<\/style>\n<div class='flex_cell av-lkun5kcx-3af85dfa59ba4ae680228e648156b946 av-gridrow-cell av_one_full no_margin  avia-builder-el-27  avia-builder-el-no-sibling '  ><div class='flex_cell_inner'><p><div class='flex_column_table av-lkoabzgx-154f5f8610882ac2490059c4e61daba2 sc-av_one_half av-equal-height-column-flextable'><div  class='flex_column av-lkoabzgx-154f5f8610882ac2490059c4e61daba2 av_one_half  avia-builder-el-28  el_before_av_one_half  avia-builder-el-first  first flex_column_table_cell av-equal-height-column av-align-middle av-animated-generic left-to-right  '     ><\/div><div class='av-flex-placeholder'><\/div>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lkoab7dd-ef5b2d1eeb85d93c4b58ed6bb9a072ad\">\n\n@media only screen and (min-width: 480px) and (max-width: 767px){ \n.flex_column.av-lkoab7dd-ef5b2d1eeb85d93c4b58ed6bb9a072ad{\npadding:0px 0px 0px 15px;\n}\n}\n\n@media only screen and (max-width: 479px){ \n.flex_column.av-lkoab7dd-ef5b2d1eeb85d93c4b58ed6bb9a072ad{\npadding:0px 0px 0px 15px;\n}\n}\n<\/style>\n<div  class='flex_column av-lkoab7dd-ef5b2d1eeb85d93c4b58ed6bb9a072ad av_one_half  avia-builder-el-30  el_after_av_one_half  el_before_av_hr  benefits-column flex_column_table_cell av-equal-height-column av-align-middle av-animated-generic right-to-left  '     ><p><section  class='av_textblock_section av-bop6m-0d4d497c6ddbd38925318bffa50a541c '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock block-one text-block'  itemprop=\"text\" ><p><img decoding=\"async\" class=\"alignnone size-full wp-image-177\" src=\"https:\/\/damanat.smartmedia.sa\/wp-content\/uploads\/2023\/07\/Asset-06-1.png\" alt=\"Asset 06\" \/><\/p>\n<p>Develop the secondary mortgage market to enhance the liquidity<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lkoa8cln-58ee9dae9d36cd3cc04029acb4ba2ff4 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock block-two text-block'  itemprop=\"text\" ><p><img decoding=\"async\" class=\"alignnone wp-image-178 size-full\" src=\"https:\/\/damanat.smartmedia.sa\/wp-content\/uploads\/2023\/07\/Asset-05.png\" alt=\"Asset 05\" \/><\/p>\n<p>Help attract foreign investors to the real estate sector in kingdom<\/p>\n<\/div><\/section><br \/>\n<section  class='av_textblock_section av-lkoa9e4m-b24a62faaddc62b3e69627a5e5251f16 '   itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock block-three text-block'  itemprop=\"text\" ><p><img decoding=\"async\" class=\"wp-image-179 size-full alignright\" src=\"https:\/\/damanat.smartmedia.sa\/wp-content\/uploads\/2023\/07\/Asset-07-1.png\" alt=\"Asset-07\" \/><\/p>\n<p>Widen the home ownership to include the low income segment of the society<\/p>\n<\/div><\/section><\/p><\/div><\/div><!--close column table wrapper. Autoclose: 1 -->\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lkoa0iz1-994222b0507864858a62b3530c04548f\">\n#top .hr.hr-invisible.av-lkoa0iz1-994222b0507864858a62b3530c04548f{\nheight:50px;\n}\n<\/style>\n<div  class='hr av-lkoa0iz1-994222b0507864858a62b3530c04548f hr-invisible  avia-builder-el-34  el_after_av_one_half  avia-builder-el-last '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div><\/p>\n<\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":1119,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-431","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>About Us - Damanat<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"About Us - 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