BIDAYA simplifies homeownership for residents in Saudi
Riyadh, 20 February 2023 – BIDAYA Home Finance, Saudi Arabia’s leading non-bank provider of real estate financing products, has launched its latest innovative digital home financing product targeting residents in Saudi. The expatriates’ home financing is explicitly designed to meet the demands of Saudi Arabia’s growing expatriates in the community. The unique digital financing solution offered by BIDAYA enables all eligible Saudi residents to own a home in three simple steps.
More and more talent worldwide is lured to the Kingdom of Saudi Arabia as the country intensifies its efforts to achieve the lofty Vision 2030 goals. The Minister of Investment, HE Khalid Al-Falih, asserts that expatriates are a crucial component of Saudi Arabia’s development story and that as the country’s economy becomes more sophisticated and varied, both the quantity and quality of expatriates will likely improve. But because of the rich culture and excellent job prospects in Saudi Arabia, many of the Kingdom’s visitors already see the nation as their second home.
The company’s increasing line of fully digital home and real estate finance services now includes BIDAYA Home Finance for Residents. Under the direct supervision of the Saudi Central Bank, BIDAYA provides distinctive solutions, such as Ready Unit and Off-plan Unit Financing, Residential Land Financing, and Buy and Lease Back, which answer particular preferences and wants. The business has introduced its first corporate services, including financing for purchasing residential and commercial land, financing for developing or completing real estate projects, and funding for buy-and-leaseback transactions.
The entire product line is built on BIDAYA’s robust and cutting-edge digital platform, which speeds up the application and approval processes and has made financing easier for thousands of KSA consumers of BIDAYA’s home financing products. In recognition of the company’s dedication to digital transformation, the Global Business Review Magazine named BIDAYA Home Finance “Saudi Arabia’s Best Islamic Digital Financing Company” for 2022.
