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FINANCIAL NEWS
Saudi Housing Ministry to make development firm
05 Apr 2016
(MENAFN) The Housing Ministry is planning to make its own development firm and will start a mortgage-guarantee fund to support banks to increase lending.
Furthermore, the kingdom is taking part in housing finance and development, and will enhance the productivity of the regional developers.
However, the kingdom faces a lack of more than 1.5mn homes through the coming five years, while it imposed a tax on urban land.
In addition, the new development Co. will give businesses plots of land in order to build homes and help them secure financing by offering some loan guarantees.
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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