The Saudi Mortgage Guarantees Services Company “Damanat” provides mortgage guarantees to banks and financial institutions, insurance products and innovative solutions to individuals and corporate entities.Damanat’s activities include mortgage guarantee products for individuals off plan real estate development, and insurance products. These products are designed to enhance the securities’ market, which will help provide financial instruments targeted to attract foreign capital inflows. This is in line with the objectives of Vision 2030 towards increasing homeownership in the Kingdom.
