Musaed Al-Dawood appointed Chairman of the Board of Directors of the National Housing Company 2026-2030
The National Housing Company (NHC), the investment arm for housing initiatives and programs in the Kingdom of Saudi Arabia, announced the formation of its Board of Directors for the new term, which extends from 2026 to 2030. The new board resulted in the selection of His Excellency Mr. Musaed bin Abdulaziz Al-Dawood as Chairman, following his election by the representatives of the shareholders: His Excellency the Minister of Municipalities and Housing, Mr. Majid bin Abdullah Al-Hogail, and His Excellency the Minister of Finance, Mr. Mohammed bin Abdullah Al-Jadaan.
The new board includes a distinguished group of national talents and experienced managers, with Mr. Ibrahim bin Mohammed Al-Ghaib serving as Vice Chairman. Other members include Mr. Ahmed bin Abdullah Al-Sheikh, Mr. Abdulrahman bin Abdullah Al-Tawil, Mr. Abdulaziz bin Musaed Al-Musaed, and Eng. Abdullah bin Fahd Al-Fassam, in addition to Mr. Mohammed bin Saleh Al-Bati as an executive member. This diverse composition reflects a range of financial, real estate, and administrative expertise to support the company's progress.
A new strategic phase and future aspirations
In his first statement following his appointment, His Excellency Mr. Musaed Al-Dawood, on behalf of the Board members, expressed his deep appreciation for the trust bestowed upon them by Their Excellencies the Ministers. Mr. Al-Dawood emphasized that the new Board term (2026-2030) represents a pivotal stage in the company's history, coinciding with the final years of achieving the goals of the Kingdom's Vision 2030. He noted that the Board will work to support institutional growth and enhance governance and transparency standards to ensure the sustainability of the company's operations and maximize its economic and social impact.
National Housing: A key pillar of Vision 2030
This new structure comes at a time when the National Housing Company continues to solidify its position as the largest real estate developer in the Middle East and North Africa region. The company plays a pivotal role in achieving the objectives of the Housing Program – one of the programs of Saudi Vision 2030 – which primarily aims to raise the rate of homeownership among Saudi families to 70% by 2030. The company is working to achieve this by introducing thousands of housing units to the market and developing fully integrated residential suburbs with comprehensive services and amenities that provide a high quality of life for residents.
Strengthening partnership with the private sector
This step is particularly significant within the context of the national economy, as NHC is a key enabler of the real estate development sector in the Kingdom. The company's role extends beyond construction; it empowers the private sector through strategic partnerships with qualified real estate developers. These partnerships contribute to stimulating the real estate supply, creating promising investment opportunities, and supporting local content, making the company a vital driver of the Kingdom's non-oil economic development.
The economic and real estate circles look forward to the new board of directors, with its accumulated experience, contributing to leading the company towards broader horizons of innovation in housing solutions, and completing the journey of developing urban destinations that have changed the concept of housing in the Kingdom, in line with the ambitious aspirations of the wise leadership.
