Al Rajhi Takaful says 'Savings to Support Ownership' product enables home ownership for Sakani program beneficiaries

Logo of Al Rajhi Takaful

Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful), seeks, through the “Savings to Support Ownership” product, to raise awareness of savings and financial planning to enable homeownership for Sakani program’s beneficiaries, in line with the Kingdom’s Vision 2030 and the Financial Sector Development Program (FSDP), CEO Mahmoud Dahduli said.

This confirms the company's role in providing innovative and reliable value-added solutions to its customers. This is besides achieving its vision of redefining the concept of insurance in the Kingdom, he added.

Al Rajhi Takaful recently signed a memorandum of understanding (MoU) to design the “Savings to Support Ownership” product, which aims to facilitate the savings process for beneficiaries to own their first homes, by spreading awareness of the importance of financial planning.

The MoU was signed on the sidelines of the Distinguished Cities Projects Exhibition, under the patronage of King Salman bin Abdulaziz Al Saud, which was organized by the Ministry of Municipal and Rural Affairs and Housing between Sept. 24-28.