Bidaya launches new real estate finance product
RIYADH, December 21, 2022
Saudi mortgage lender Bidaya is offering an investment opportunity - through the launch of its new real estate finance product - for a segment of clients who want to diversify their investments to include residential and commercial buildings and land plots in different regions of the kingdom.
Commercial Real Estate Finance is now considered one of the most in-demand finance types which target clients who seek to make reasonable investment revenues through this kind of real estate that offers diversified options to clients to help them make bigger revenues from ordinary residential buildings, said a statement from Bidaya.
This product has been announced within the framework of the company's distinguished digital system and through its developed electronic site where all the company’s products can be obtained through three simple and easy steps, it stated.
Bidaya Home Finance is the first mortgage lender in the Saudi market that offers all the digital housing and commercial finance products through its developed digital platform that serves all segments of clients, it added.
On the new product, Bidaya’s Acting CEO Faisal bin Abdul Rahman Al Nasser said: "This indicates the company’s keenness to diversify the real estate products in general and expand the base of its clients through the provision of diversified investment opportunities to increase the competition in the Saudi market as well as the company's share of profits."
"The product represents one of the main pillars of the KSA’s 2030 vision as regards the facilitation of investment opportunities in the kingdom and the finance of housing projects and digital real estate," he added.-TradeArabia News Service
