Business & Money | Tuesday 29 January, 2019 1:15 pm |

Saudi home finance specialist, Bidaya, has won two prestigious awards and has been recognised as a global leader in a worldwide search for the best consumer banking products.

The Riyadh-based company was named ‘Best Home Finance Provider’ and also won the ‘Best Digital Transformation in Online Payment’ category at the event organised by UK-based publication Global Business Outlook.

The 2018 Global Business Outlook awards recognised and rewarded excellence in business in the public and private sectors all over the globe and were open to companies of all sizes based in any geographic location.

The awards reinforce Bidaya Home Finance’s strategic decision to concentrate on its simple process of availing home finance by focusing its efforts in enhancing its online digital services to make the process of applying for residential home finance easier for new and existing customers. 

 

Bidaya CEO Mazin Al Ghunaim, said: “These awards are recognition we are on the right track with our strategy to ensure home ownership levels in the country rise to 60 per cent in 2020 and 70 per cent in 2030, aligned with the ambition of Saudi Vision 2030. This is a great tribute to the professionalism of the entire Bidaya Home Finance team, and we are extremely delighted we have been fortunate enough to achieve these two coveted honours in the face of such strong competition.”

 

In 2018, Bidaya also achieved another success story by winning the “Best Islamic Digital Bank Award for the third year in a row, the “Best Digital Mortgage Bank in the Middle East” and “Best Digital Mortgage Bank in KSA” at the Global Finance Awards 2018.