{"id":4119,"date":"2025-02-17T13:17:11","date_gmt":"2025-02-17T10:17:11","guid":{"rendered":"https:\/\/damanat.smart-media.agency\/damanat-and-re-sign-a-memorandum-of-understanding-to-enhance-cooperation-in-the-fields-of-reinsurance-in-support-of-the-national-housing-program\/"},"modified":"2025-08-18T09:10:43","modified_gmt":"2025-08-18T06:10:43","slug":"damanat-and-re-sign-a-memorandum-of-understanding-to-enhance-cooperation-in-the-fields-of-reinsurance-in-support-of-the-national-housing-program","status":"publish","type":"post","link":"https:\/\/damanat.smart-media.agency\/en\/damanat-and-re-sign-a-memorandum-of-understanding-to-enhance-cooperation-in-the-fields-of-reinsurance-in-support-of-the-national-housing-program\/","title":{"rendered":"Signing a Memorandum of Understanding Between \u201cDamanat\u201d & \u201cSaudi Re\u201d In The Field of Reinsurance \u201cIn support of the National Housing Program\u201d"},"content":{"rendered":"

The Saudi Housing Guarantee Services Company \u201cDamanat\u201d and the Saudi Reinsurance Company (Re) signed a memorandum of understanding (MoU) aimed at strengthening cooperation between the two companies in the field of reinsurance for the real estate finance sector, in light of their ongoing efforts to support the National Housing Program and contribute to achieving its objectives. <\/span><\/p>\n

The MoU focuses on developing innovative risk management solutions, which enhances the growth and stability of the real estate finance sector, in addition to developing the financial sector as a whole. The agreement also includes providing the necessary technical support to develop insurance products and reinsurance services, including building pricing models, underwriting mechanisms, and efficient claims management. This cooperation comes within the framework of the two companies\u2019 efforts to enhance compatibility with the aspirations of international investors and build strong Saudi-international partnerships that support risk management in the real estate finance sector <\/span><\/p>\n

During the signing of the agreement, Mr. Osama Al-Othman, CEO of \u201cDamanat\u201d, stressed the importance of this partnership, adding that it: \u201chighlights the importance of cooperation between national companies to enhance the position of the insurance sector as a key factor in achieving financial stability for vital economic sectors, most notably the housing program, noting that the memorandum of understanding represents the beginning of a strategic partnership that supports the achievement of the Kingdom\u2019s Vision 2030.\u201d <\/span><\/p>\n

For his part, Mr. Ahmed Al-Jabr, CEO of \u201cRe\u201d, expressed: \u201cThe signing of this memorandum establishes a constructive relationship that unifies efforts and paves the way towards achieving sustainability in the insurance and real estate finance sector, adding that the company looks forward to working with \u201cDamanat\u201d to develop innovative solutions that support the insurance and real estate finance sectors.\u201d <\/span><\/p>\n

This cooperation between \u201cDamanat\u201d and \u201cRe\u201d represents an important step towards enhancing cooperation between national companies and combining efforts to achieve the goals of the National Housing Program of the Kingdom\u2019s Vision 2030, which aims to increase citizens\u2019 home ownership, improve the quality of life, and achieve sustainable development. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The Saudi Housing Guarantee Services Company \u201cDamanat\u201d and the Saudi Reinsurance Company (Re) signed a memorandum of understanding (MoU) aimed at strengthening cooperation between the two companies in the field of reinsurance for the real estate finance sector, in light of their ongoing efforts to support the National Housing Program and contribute to achieving its objectives. The MoU focuses on developing innovative risk management solutions, which enhances the growth and stability of the real estate finance sector, in addition to developing the financial sector as a whole. The agreement also includes providing the necessary technical support to develop insurance products and reinsurance services, including building pricing models, underwriting mechanisms, and efficient claims management. This cooperation comes within the framework of the two companies\u2019 efforts to enhance compatibility with the aspirations of international investors and build strong Saudi-international partnerships that support risk management in the real estate finance sector During the signing of the agreement, Mr. Osama Al-Othman, CEO of \u201cDamanat\u201d, stressed the importance of this partnership, adding that it: \u201chighlights the importance of cooperation between national companies to enhance the position of the insurance sector as a key factor in achieving financial stability for vital economic sectors, most notably the housing program, noting that the memorandum of understanding represents the beginning of a strategic partnership that supports the achievement of the Kingdom\u2019s Vision 2030.\u201d For his part, Mr. Ahmed Al-Jabr, CEO of \u201cRe\u201d, expressed: \u201cThe signing of this memorandum establishes a constructive relationship that unifies efforts and paves the way towards achieving sustainability in the insurance and real estate finance sector, adding that the company looks forward to working with \u201cDamanat\u201d to develop innovative solutions that support the insurance and real estate finance sectors.\u201d This cooperation between \u201cDamanat\u201d and \u201cRe\u201d represents an important step towards enhancing cooperation between national companies and combining efforts to achieve the goals of the National Housing Program of the Kingdom\u2019s Vision 2030, which aims to increase citizens\u2019 home ownership, improve the quality of life, and achieve sustainable development.<\/p>\n","protected":false},"author":1,"featured_media":2273,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20],"tags":[],"class_list":["post-4119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/damanat.smart-media.agency\/en\/wp-json\/wp\/v2\/posts\/4119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/damanat.smart-media.agency\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/damanat.smart-media.agency\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/damanat.smart-media.agency\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/damanat.smart-media.agency\/en\/wp-json\/wp\/v2\/comments?post=4119"}],"version-history":[{"count":0,"href":"https:\/\/damanat.smart-media.agency\/en\/wp-json\/wp\/v2\/posts\/4119\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/damanat.smart-media.agency\/en\/wp-json\/wp\/v2\/media\/2273"}],"wp:attachment":[{"href":"https:\/\/damanat.smart-media.agency\/en\/wp-json\/wp\/v2\/media?parent=4119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/damanat.smart-media.agency\/en\/wp-json\/wp\/v2\/categories?post=4119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/damanat.smart-media.agency\/en\/wp-json\/wp\/v2\/tags?post=4119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}