Under the patronage of His Excellency Mr. Mohammed bin Abdullah Elkuwaiz, Chairman of the Capital Market Authority, the Saudi Mortgage Guarantee Services Company “Damanat” signed an agreement with the Financial Academy during the Financial Academy Forum 2025. The agreement aims to strengthen cooperation in developing human capabilities and building specialized knowledge in the field of bank guarantees and guarantee solutions, contributing to the goals of Saudi Vision 2030.
The agreement was signed in the presence of executives from both sides and several representatives from the financial and housing sectors. The partnership seeks to develop Damanat’s employees through specialized annual training programs and to contribute to advancing the financial sector by enhancing awareness and improving the professional skills of employees in banks, financing institutions, and the real estate development sector.
The agreement focuses on designing and implementing training programs and awareness workshops in the fields of bank guarantees and guarantee solutions, thereby improving the efficiency of the financial ecosystem and supporting sustainable growth in the finance and housing sectors.
The CEO of “Damanat” emphasized that this partnership stems from the company’s belief in the importance of building national capabilities and fostering collaboration with specialized entities to develop the guarantee environment in the Kingdom.
Meanwhile, the CEO of the Financial Academy stated that this agreement represents an important step toward empowering Saudi talents with knowledge and expertise in bank guarantees, supporting the advancement of the financial sector in alignment with the objectives of the Financial Sector Development Program — one of the key initiatives under Vision 2030.
Riyadh | 08-10-2025