Riyadh, Saudi Arabia: Bank Al-Jazira signed a large number of strategic agreements and memoranda of understanding with key partners during Cityscape Global 2025, one of the world’s leading exhibitions in the field of real estate development and investment.

Among the most prominent agreements signed by Bank Al-Jazira was one to facilitate medium-term financing with NHC, aimed at funding ongoing residential projects. The bank also signed an agreement to provide banking services and products tailored to NHC employees, with the goal of strengthening the relationship and expanding future cooperation. The signing ceremony was attended by Bank Al-Jazira's CEO and Managing Director, Mr. Naif Al-Abdulkarim, and NHC's CEO, Mr. Mohammed Al-Batti.

Bank Al-Jazira CEO and Managing Director, Mr. Naif Al-Abdulkarim, said: “These agreements represent an important step towards strengthening the bank’s role as a trusted financial partner in the real estate development and housing sector. We will continue to work on creating financing solutions that support sustainable growth to meet the needs of the growing real estate market in the Kingdom.”

Bank Al-Jazira also announced the signing of a financing agreement worth SAR 732 million with Retal Urban Development Group to finance the Rimal Business Court project, which has a total value of SAR 1.12 billion. The project aims to develop a fully integrated business complex to the highest international standards, which will enhance the Kingdom's position as a regional economic hub supporting economic diversification efforts within Saudi Vision 2030.

As part of Bank Al-Jazira’s strategy to strengthen strategic partnerships, the bank signed a number of memoranda of understanding with 14 entities specializing in real estate development to enhance joint cooperation and provide innovative financing solutions to beneficiaries of real estate financing programs, in addition to expanding the range of real estate services available to customers.

These agreements confirm Bank Al-Jazira’s commitment to supporting the real estate sector by providing flexible financial solutions that contribute to accelerating the pace of residential and commercial projects, in line with the objectives of the Housing Program and Saudi Vision 2030.

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