alrajhi bank Signs Strategic Agreement With Mohammed Al Habib Real Estate to Offer Exclusive Financing Solutions for "Kaheel" and "Eyal Sedaim" Project Beneficiaries

alrajhi bank has signed a strategic agreement with Mohammed Al Habib Real Estate to provide exclusive financing solutions for beneficiaries of the "Kaheel" project in Riyadh and the "Eyal Sedaim" project in Jeddah. The agreement reflects the bank's commitment to expanding its portfolio of quality partnerships with leading real estate developers and offering innovative financing solutions that support higher homeownership rates and sustainable growth in the Kingdom's real estate sector.

 

Under the agreement, customers can access an exclusive financing program through alrajhi bank with a profit rate starting from 1.10 percent annually and a financing term of up to 30 years, with a fixed profit margin throughout the term. The offering is designed to provide more flexible and competitive solutions, giving beneficiaries an integrated financing experience built on speed of execution and service quality, alongside the value delivered by the residential projects developed by Mohammed Al Habib Real Estate.

 

Majed Al Rajhi, General Manager of the Retail Banking Group at alrajhi bank, said the agreement reflects the bank's approach to building strategic partnerships with lasting impact, aimed at developing the real estate financing ecosystem through more competitive and efficient solutions that meet customers' evolving needs. He added that it also reflects the bank's commitment to strengthening integration between the financial and real estate sectors, supporting investment growth, raising the efficiency of the real estate market, and contributing to the goals of the Housing Program and Saudi Vision 2030.

 

Al Rajhi added that the partnership builds on the bank's strategy to reinforce its leadership in real estate financing by expanding its base of beneficiaries and broadening access to quality financing solutions in cooperation with partners with an established track record in residential project development. He noted that the agreement creates added value for all parties and supports one of the sectors with the greatest impact on economic growth and quality of life in the Kingdom.

 

Abdullah Al-Habib, CEO of Mohammed Al Habib Real Estate, said the agreement with alrajhi bank gives the company's customers a valuable opportunity to benefit from one of the most competitive financing offers in the market, making homeownership easier and enabling a wider segment of families to own homes within the "Kaheel" and "Eyal Sedaim" projects.

 

He added that offering flexible financing solutions is just as important as developing high-quality residential projects, which is why the company is committed to building strategic partnerships with leading financial institutions to deliver real benefits that help customers make homeownership decisions with confidence, in line with the goals of Saudi Vision 2030 to raise citizens' homeownership rates.

 

The agreement reflects the commitment of alrajhi bank and Mohammed Al Habib Real Estate to developing an integrated model that combines advanced financing solutions with high-quality residential projects, supporting homeownership opportunities, enhancing the customer experience, and advancing the Kingdom's urban and economic development goals, in line with Saudi Vision 2030.