Alam Alsina'a W Alttijarah _ 49 _132 _ A

Jeddah area

Leading companies

Ghassan Amodi

(Dar Al Tamleek) .. The pioneer of real estate financing solutions in the Kingdom

• The company contributed to financing more than 15,000 citizens with ease and transparency.
• (Dar Al Tamleek) won the “Sakani” award presented by the Ministry of Housing as the best real estate financier in the Kingdom for the year 2019.
• It is proud of what the company has accomplished in contributing to the sale of a real estate financing portfolio of more than 3 billion riyals in an agreement that is considered the largest in the residential real estate refinancing market in the Kingdom.

About 12 years ago, Dar Al Tamleek started its journey in light of an ambitious vision and long experience in the real estate finance sector, and within a few years, it was able to occupy a prominent position among the real estate financing solutions providers in the Kingdom.

And in view of its continuous achievements, Dar Al Tamleek became the first company in the real estate financing sector, as it won the “Sakani” award presented by the Ministry of Housing as the best real estate financier in the Kingdom for the year 2019. The percentage of citizens' ownership of their homes within the housing file, which receives all attention, care, and support from the Custodian of the Two Holy Mosques and the Crown Prince.

To further get to know the Dar Al Tamleek company and the most important factors of its success and discuss the reality and future of the housing finance sector in light of the Kingdom's 2030 vision. With the aim of providing real estate financing solutions, it has gone through many developmental stages until it became the first company in its field of work, where it plays a pioneering role today in providing appropriate products and keeping pace with financing variables.

It has helped more than 15,000 citizens acquire suitable housing for them. The main headquarters of the company is located in the city of Jeddah, and it operates its operations in the main cities (Jeddah, Riyadh, and Dammam) in addition to a number of secondary branches in the various cities of the Kingdom to reach all regions. Al-Amoudi added: I joined the company less than a year ago, after working for more than two decades in the banking services sector, and I found that the work environment is very stimulating, as the company has an administrative and technical cadre at the highest level of competence and experience, and the company has also succeeded in securing a prominent position between Similar companies, attesting to the position of Dar Al Tamleek in the real estate finance sector as a company with a distinguished position in the real estate financing sector in the Kingdom, and its acquisition of continuous recognition for its contributions in helping clients obtain appropriate financing for them; The company has won a number of important prizes since its inception in the real estate finance market: “Best Home Finance Company”, “Best Home Finance Program”, “Best in Islamic Home Finance”, “Leader in Finance”; Dar Al Tamleek provides its services to clients directly by providing the best solutions for real estate financing according to the client's need.

 With regard to the most important factors of the company's success, Al-Amoudi said: In fact, the company is based on a set of factors that have led to its brilliance and distinction in the world of real estate finance. After the success of God Almighty, the House of Ownership has conscious management that understands the nature of the real estate finance field and its needs and has a vision through which it anticipates the features of the future And it has full flexibility to overcome any changes or challenges in the field of finance, in addition to that the company offered an added value that distinguished it from its counterparts in the market, which is to enhance technology in all its operations, as the company possesses high-level technical capabilities, which strengthened its partnership in the management of (Masaken Program ) Affiliated to the Public Pension Agency, and it is considered one of the most important programs that support the housing sector in the Kingdom. It is a real estate financing program that provides many benefits and financing facilities to eligible beneficiaries of state employees, private sector employees, and all retirees, whether in the government or private sector. The Masaken program contributed to increasing the percentage of ownership Citizens for their dwellings.

On the reality and future of the housing and real estate finance sector in light of the Kingdom's vision 2030, Al-Amoudi said: The housing sector is one of the sectors that the Kingdom's Vision 2030 focuses on, as the vision succeeded in raising the percentage of citizens' ownership to 62% according to the Ministry of Housing, and the ministry was able with its innovative programs and the four work axes on which it was based It is (increasing the housing supply, providing appropriate financing solutions, developing regulations and legislation, and improving the level of service introduction) that a major qualitative shift occurred in recent years, as it succeeded in offering innovative financing and housing solutions and options, in addition to having succeeded in building an integrated housing system that works efficiently to serve the citizen and enhance the attractiveness of investment in the real estate sector, and broaden the scope of sustainable partnership in the private sector. He added: The Masaken program managed by the Dar Al Tamleek Company has succeeded in contributing to empowering citizens to own their homes through an innovative financing solution and in partnership with the Public Pension Agency and the programs of the Ministry of Housing.

Regarding the most prominent challenges facing the housing finance sector, Al-Amoudi said: There is no doubt that competition exists in the market, but the market is large and accommodates all companies and banks operating in the real estate finance sector, and the prices are predetermined by the Ministry of Housing, but the difficulty is in distinguishing and creating added values, and a company ( Dar Al Tamleek) distinguished itself from its counterparts by enhancing technology in its fields of work, providing the best after-sales services, and diversifying products.

I believe with what the company has in terms of capabilities, resources, competencies, and experiences, it can remain at the forefront of companies operating in the real estate financing sector, and in this regard, it is proud of its recent management of selling a mortgage portfolio worth more than 3 billion riyals to the Saudi refinancing company, in an agreement that is the largest in The real estate finance market in the Kingdom There is no doubt that this agreement confirms the high quality of the assets established by the Dar Al Tamleek Company through its management of the "Masaken" program of the Public Pension Agency. Al-Amoudi touched on talking about the most important future plans for the company, saying: We are proceeding, God willing, in many directions, and all options are presented, in line with the efforts of our rational government to increase the percentage of citizens' ownership of their homes, based on a set of principles and basic values to establish the culture of our company, which are confidence, specialization, commitment, responsibility, and flexibility. At the end of this meeting, Mr. Ghassan Al-Amoudi, CEO of (Dar Al Tamleek) said: We are proud of what the company has achieved throughout its life, and we thank our wise leadership for the support it has provided to the private sector and the housing sector in particular, and we also thank the Ministry of Housing and the Real Estate Development Fund for all initiatives. The innovation that has caused a great movement in the housing market in recent years, and thanks go to the success partners in (Dar Al Tamleek), and we promise them more.

The magazine source: https://twitter.com/Alamst_2030/status/1325722504544055296?s=20