Martyrs Fund and alrajhi bank Continue Delivering “Dar Shahem” Housing Units Across the Kingdom

Martyrs Fund and alrajhi bank Continue Delivering “Dar Shahem” Housing Units Across the Kingdom  

 

The Martyrs, Wounded, Prisoners, and Missing Persons Fund and alrajhi bank announced the commencement of housing unit handovers under the first phase of the “Dar Shahem” initiative, with six housing units delivered out of the 13 units targeted for completion by the end of the third quarter of 2026 across several regions of the Kingdom. The initiative addresses housing challenges faced by a number of the Fund’s beneficiaries who were unable to benefit from other housing support programs. It does so through an innovative development model that builds housing units on land owned by the beneficiaries, accelerating the utilization of their properties while enhancing housing and social stability for beneficiary families. “Dar Shahem” represents a national model for collaboration among government entities, the financial sector, and the non-profit sector. The project is implemented through a non-profit sector operator, reinforcing its developmental role and supporting local content by engaging specialized national entities in project execution. The initiative also applies high standards of governance and oversight under the direct supervision of both the Fund and Al Rajhi Bank, with strict quality requirements and execution guarantees to ensure sustainable and high-quality outcomes. His Excellency Mr. Talal bin Othman Al-Muammar, Secretary-General of the Martyrs, Wounded, Prisoners, and Missing Persons Fund, stated that the “Dar Shahem” initiative reflects the Fund’s mission to provide sustainable, high-impact services and programs through effective community partnerships that empower beneficiaries and enhance their quality of life. He explained that the initiative forms part of the Fund’s ongoing efforts to provide a prosperous life for beneficiaries and their families through solutions that strengthen housing and social stability, while embodying the values of appreciation and loyalty toward the nation’s heroes and their families.

 

For his part, Mr. Waleed Al-Mogbel, Managing Director and Chief Executive Officer of Al Rajhi Bank, emphasized that the Bank’s participation in the “Dar Shahem” initiative stems from a national duty and social responsibility toward the Fund’s beneficiaries, in recognition of their sacrifices in safeguarding the Kingdom’s security and stability. He noted that the initiative reflects the Bank’s commitment to supporting beneficiary families, enhancing their living and family stability, and demonstrating the integration of national efforts in serving this valued segment of society.

The “Dar Shahem” initiative aims to build 50 housing units on land owned by the Fund’s beneficiaries across several regions of the Kingdom, including Riyadh, Makkah, Asir, Jazan, and Qassim. The initiative is expected to support the stability of more than 240 family members of the Fund’s beneficiaries, including personnel from the security and military sectors and their families.