RIYADH, July 2019:Bidaya Home Finance, the leading mortgage finance company in the Kingdom of Saudi Arabia, received the ‘Best Home Finance Provider Award’ during a housing forum recently organized by the Ministry of Housing to celebrate 100,000 families signing their financing contracts.
Bidaya received the award among a select group of financial institutions and Saudi banks that have participated in the financing of housing contracts concluded by the Real Estate Development Fund with the beneficiaries since the REDF and the Ministry launched programs to support beneficiaries.
Mr. Mazen Al Ghunaim, CEO Bidaya Home Finance, expressed his happiness with this achievement, which is credited to the Bidaya team and partners of success, and represents an extension of the accomplishments and successes that have been achieved by Bidaya in the housing finance market in Saudi Arabia.
Al Ghunaim added that Bidaya is keen to continuously activate its strategic partnerships with the Ministry of Housing, the Real Estate Development Fund and the relevant authorities to serve the citizens and help provide suitable housingfor Saudi families. He also pointing out that Bidaya is one of the largest supporters of the Ministry of Housing programs and works in full harmony with all housing program stakeholders to continue its role in providing necessary funding for housing projects undertaken by the State and to strengthen its efforts to enable citizens to live in accordance with Saudi Vision 2030.
Previously, Bidaya Home Finance won the ‘Best Digital Mortgage Bank in the Middle East’ at the Global Finance Awards 2018. The company is specialized in financing products that contribute to achieving the objectives of the National Transformation Program, which promotes the value of the individual within a community system capable of contributing significantly to the development of the national economy and achieving sustainable development according to the Saudi Vision 2030.
