alrajhi bank and the Martyrs Fund Launch the First Phase of the “Dar Shahm” Initiative to Build 50 Housing Units

alrajhi bank and the Martyrs, Injured, Prisoners and Missing Persons Fund announced the launch of the first phase of the Dar Shahm housing initiative, as part of the strategic cooperation between the two entities and in support of high-impact national initiatives that promote the values of loyalty and giving, and contribute to stability and empowerment for beneficiary families.

The first phase of the initiative—considered the first of its kind in the Kingdom—has commenced with the construction of 13 housing units within a broader project that includes 50 housing units built on land owned by the Fund’s beneficiaries. The project is being implemented across several regions of the Kingdom, including Riyadh, Makkah, Asir, and Jazan. Construction works have already begun in the Asir and Jazan regions, with subsequent phases to be completed in other regions during the coming period.

The Fund emphasized that the Dar Shahm initiative reflects its core mission of empowering the families of national heroes and supporting their long-term stability. The project contributes to providing dignified living conditions and achieving sustainable empowerment, in line with the state’s ongoing efforts to support and empower the nation’s heroes and their families.

The Fund further noted that its partnership with alrajhi bank represents a national model for integration between the public and private sectors, contributing to the development of sustainable housing and development solutions with tangible social impact. It added that cooperation with the Bank on the Dar Shahm project is based on agreements aimed at empowering the sector, enhancing its role, and strengthening institutional partnerships with supporting entities to achieve lasting impact.

For its part, alrajhi bank  stated that its participation in the initiative reflects its commitment to supporting housing and development programs, and its continued contribution to strengthening the values of social responsibility and loyalty toward the families of martyrs, the injured, prisoners, and missing persons. The Bank noted that this partnership is an extension of its longstanding role in supporting community initiatives and advancing the objectives of Saudi Vision 2030. 

It is worth noting that the Martyrs, Injured, Prisoners and Missing Persons Fund develops development and empowerment programs across housing, healthcare, education, employment, and social services. The Fund also plays a key role in enhancing integration between the public, private, and non-profit sectors to maximize the impact of support and empower beneficiaries.

alrajhi bank  is a leading supporter of the housing sector in the Kingdom, having contributed to increasing homeownership rates among citizens from 47% to 63.7%. The Bank holds the largest market share in mortgage financing among Saudi banks, exceeding 41%. In addition, the Bank and its customers are among the largest contributors to national developmental housing platforms, supporting the provision of more than 6,000 housing units.

The partnership between alrajhi bank  and the Martyrs, Injured, Prisoners and Missing Persons Fund stands as a leading example of strategic cooperation that brings together banking expertise and development experience to deliver sustainable social impact.