Saudi's SABB wins 'best developed financing provider' in Sakani program

SABB offers all real estate financing solutions such as Murabaha financing, leasing, off-plan sales, and self-construction

  
A Saudi money exchanger wears gloves as he counts Saudi riyal currency at a currency exchange shop in Riyadh, Saudi Arabia March 10, 2020. Image used for illustrative purpose

A Saudi money exchanger wears gloves as he counts Saudi riyal currency at a currency exchange shop in Riyadh, Saudi Arabia March 10, 2020. Image used for illustrative purpose

REUTERS/Ahmed Yosri

RIYADH — The Minister of Municipal and Rural Affairs and Housing Majid Bin Abdullah Al-Hogail honored the Saudi British Bank (SABB) with the “Best Developed Financing Provider” award in Sakani Housing Program, in recognition of the bank’s active role in achieving the program’s objectives, and enabling home ownership among Saudi families by providing the best housing finance offers and solutions.

The event was held in Riyadh, during Sakani Program Forum for the second quarter of the year 2021, in the presence of financing and real estate success partners. Notably, SABB achieved a remarkable development in providing real estate and residential financing solutions during the first half of 2021 compared to the same period last year.

On this occasion, Mr.Bashaar Al-Qunaibit, Deputy Managing Director of Retail Banking and Wealth Management at SABB, said: "We are honored to receive this award, as it confirms SABB's continuous contributions to initiatives and programs aimed at developing the real estate and residential sector in line with the Kingdom's vision 2030.”

“As a leading financial institution, we are primarily interested in playing an active role in the development process of the Kingdom in various fields, while also focusing on developing banking products that meet the highest standards,” Al-Qunaibit added.

SABB offers all real estate financing solutions such as Murabaha financing, leasing, off-plan sales, and self-construction. In addition to the real estate financing program supported by the Real Estate Development Fund. 

 

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