Minister of Housing Visits (SABB) To Enhance Cooperation and Partnership

March 2017

H.E. Majid Al-Hugail, Minister of Housing met with SABB Managing Director Mr. David Dew, at the bank’s Head Office in Riyadh in the presence of senior executives from the bank, the Ministry of Housing and Real-Estate Development Fund.

The discussion focused on ways to enhance cooperation and partnership in the field of financing housing and real estates in general and offering of finance products that suits the programs and products launched by the Real Estate Development Fund in collaboration with the Saudi local banks.

In turn, Mr. David Dew welcomed the visit of H.E. the Minister which reflect the Ministry’s care and belief in the effective communication with the private sector in order to achieve the vision of the Government of the Custodian of the Two Holy Mosques to provide feasible solutions to facilitate the ownership of appropriate residence for the citizens. David confirmed SABB’s desire to contribute to achieving the aspirations of the citizens and to provide better services and products to the bank’s customers in this field.

David Dew confirmed that SABB with all its available channels are ready to communicate with the customers, receive and process their applications promptly with due care and usual flexibility. He pointed out that the present prestigious status of SABB in the field of real-estate financing is attributed to the distinctive products offered by the bank to the customers besides the factors of our flexibility and promptness in the processing of the customers’ applications.