During 2009 JMRC continued its efforts to market its different products in the lending side as well as in the borrowing side, through visits for various management levels of concerned parties and to explain the Company’s objectives, the mechanism of its work, and the advantages to borrowers and to investors in its corporate bonds. This contributed remarkably to increase the volume of housing loans extended by banks and to improve the terms of such loans.

The housing loan programs which are available in the market by local banks are as follows:

The competition between banks resulted in offering some benefits by banks to the borrowers such as:-

• The bank undertakes mortgage fees, mortgage insurance fees, life insurance fee, and the valuation cost of the property.
• Granting a free credit card.