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During
the last three decades the
Kingdom
of Saudi Arabia
experienced economic development & civilization advancement accompanied
by noticeable increase in population growth.
This
development is accompanied by increase in demand for residential units.
Due to high cost of building & non-expansion of banks in financing
purchase of residential real estate, most of the community sections rent
houses for living. From this point the idea of establishing MULLAK
Arabia as a company specialized in the field of house purchase came to
begin. The company is to play an objective role in helping the Saudi
family to own its private house because we have a deep belief that every
citizen has rights to have a house of his own, where the company adopted
this as its emblem “It’s your right to own”
Since the coming out of MULLAK as an idea the most important principle
on which bases the company was established to make available financing
products which meet the needs of various customer sections in conformity
with the provisions of Islamic law. To achieve this principle the
company carried out many marketing researches resulted in development of
products previously existent such rent with promise of sale & rent of
what is described as guaranteed but the most important thing is to
create new products aiming to sectors of customers who have needs for
various programs.
Also the company plays a major role in directing developing towards
customers who need houses so as to be built in a manner, comfortable to
their needs as a result of many researches carried out by and still to
be carried out by MULLAK. This outreaches the role played by the
companies financing real estate since MULLAK aims to become the best
partner of customers and real estate developing companies equally the
matter that .
Board Of Director
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