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Al-Habib Real Estate Partners with Al-Rajhi Bank for Financing
Mohammad Al Habib Real Estate Company signed an agreement with Al Rajhi Bank to provide mortgage financing solutions for beneficiaries of the "Kahil" project in Riyadh and the "Iyal Sadaym" project in Jeddah. The financing offers installment plans starting from 1.10% annually, with terms of up to 30 years and a fixed profit margin. The goal is to facilitate homeownership and enhance housing ownership opportunities across the Kingdom. This collaboration aims to offer flexible financing options, reduce financial burdens, and support real estate development, in line with Saudi Arabia's Vision 2030 to increase the homeownership rate among citizens.
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