Saudi Arabia’s Roshn Launches Subsidised Home Ownership Program
ROSHN Group, Saudi Arabia’s leading national real estate developer and PIF-owned giga-project, is partnering with Saudi National Bank (SNB) on their Home Ownership Program (HOP). This ground-breaking collaboration marks a historic moment with SNB whose employees benefit from an opportunity to purchase off-plan homes with preferential rates in ROSHN’s residential communities around the Kingdom. This program reflects ROSHN’s dedication to supporting companies like SNB, that empower employees through the provision of distinctive home-ownership packages. Under the agreement, which was signed by ROSHN’s Group Chief Sales Officer Jason Margetts and SNB’s Head of Retail Business Group Saud Abdulaziz Bajbair, SNB employees will have the opportunity to purchase homes, including off-plan units, from any of ROSHN's developments across the Kingdom at a discounted price and for a limited time. The partnership will contribute directly to Vision 2030’s home ownership goals alongside enhancing living standards and quality of life as ROSHN brings a new way of living to Saudi Arabia. Speaking on the side lines of the signing ceremony, ROSHN’s Group Chief Sales Officer, Jason Margetts said, “At ROSHN, we are pleased to join forces with SNB on this landmark agreement, a historic milestone for both ROSHN and SNB. This collaboration mirrors our dedication to offering high-quality housing options to Saudis, and empowering citizens to achieve their dream of homeownership. We look forward to expanding our offering in this new business channel as we strive to enable Vision 2030’s home ownership goals.” As the largest financial group in Saudi Arabia, the Saudi National Bank (SNB) plays a pivotal role in supporting economic transformation and driving the realisation of the nation's Vision 2030. The SNB Home Ownership Program is a subsidised financing program by the bank that provides discounted rates to promote housing access, and support the bank’s employees in purchasing their dream homes. In a pioneering move, SNB is expanding the program to allow employees to purchase homes in ROSHN developments across Saudi Arabia.This significant milestone is the first of ROSHN’s special offerings through its new business channel of supporting companies and institutions with Home Ownership Programs. The Group anticipates fostering more complementary partnerships with organisations involved in home ownership programs, aimed at collaboratively delivering high-quality living experiences to the Saudi people.
Tags : ROSHN Group Saudi Arabia Saudi National Bank Jason Margetts financing program Home Ownership Programs partnership