Subsidiaries

The Saudi Mortgage Guarantees Services Company “Damanat”

Ownership by the REDF

Damanat was established in 2023 as a wholly owned subsidiary of the REDF, with a target capital of SAR 18.6 billion. Licensed by the Insurance Authority, the company aims to expand access to mortgage financing through credit default guarantees and providing financing support to developers, while enhancing the secondary market and offering specialized insurance products for the real estate financing and development sectors.

National Financing Support Services Company (NFSSC)

Ownership by the REDF

The National Financing Support Services Company (NFSSC) is the first company licensed by the Saudi Central Bank (SAMA) to provide support services to financing entities. We provide innovative operational and technical solutions that enhance sector efficiency and enable entities to focus on their core activities, in line with Saudi Vision 2030.