Saudi Press

Saudi Arabia and the world
Sunday, Jun 01, 2025

Jood Eskan Ramadan campaign surpasses SR1.5bn in donations

Jood Eskan Ramadan campaign surpasses SR1.5bn in donations

The Jood Eskan charity campaign inaugurated by King Salman at the beginning of Ramadan, has surpassed its goal of raising SR1.5 billion (almost $400 million) during the holy month to provide housing for families in need.
King Salman and Crown Prince Mohammed bin Salman launched the campaign with a generous donation of SR150 million. Minister of Municipal and Rural Affairs and Housing Majed bin Abdullah Al-Hogail, who is also Chairman of the Council of Trustees of the National Developmental Housing Foundation (Sakan), announced the end of the campaign on Friday.

A number of major corporations were partners in the campaign, including the General Endowment Authority, Al-Rajhi Bank, STC Group, MBC, Al-Arabiya News Channel, the National Group for Housing, Ajlan and Brothers, Sumou RealEstate, Khuzam Real Estate, and Al-Arabia Outdoor Advertising.

As many as 26,250 individuals from 5,250 families throughout the Kingdom have secured homes thanks to the campaign, which has been officially recognized by Guinness World Records as the most successful month-long electronic charity drive in history.

Jood Eskan, is a Saudi crowdfunding platform for home ownership launched in 2019 by Sakan, a non-profit arm of the Ministry of Municipal, Rural Affairs, and Housing. Jood Eskan collects donations and provides services and financial contributions to eligible families, including rent and home ownership.

The charitable campaign, titled Evergreen Stock, is an IPO simulation that targeted Saudi Arabia’s most prominent corporations, institutions, and individuals. Inspired by financial stock markets, the creative fundraising campaign recreated the IPO model by “selling stocks” through goodwill and charitable contributions to encourage community members and private sector players to “invest.” It offered 100 million stocks at SR10 per share.

Commenting on the campaign, Al-Hogail said: “This year’s Ramadan campaign serves as a reminder to the Kingdom that the best investment that people and businesses can make is in the welfare of their communities. The funds raised this month will support approximately 3,500 families in need.”

Saudi Vision 2030 aims to raise the national home-ownership rate from 47 percent in 2016 to 70 percent by 2030.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
UAE Offers Free ChatGPT Plus Subscriptions to Citizens
Lebanon Initiates Plan to Disarm Palestinian Factions
Iran and U.S. Make Limited Progress in Nuclear Talks
The Daily Debate: The Fall of the Dollar — Strategic Reset or Economic Self-Destruction?
Trump Administration's Tariff Policies and Dollar Strategy Spark Global Economic Debate
OpenAI Acquires Jony Ive’s Startup for $6.5 Billion to Build a Revolutionary “Third Core Device”
Turkey Weighs Citizens in Public as Erdoğan Launches National Slimming Campaign
Saudi-Spanish Business Forum Commences in Riyadh
Saudi Arabia and Spain Sign MoU to Boost SME Sectors
UK Suspends Trade Talks with Israel Amid Gaza Offensive
Iran and U.S. Set for Fifth Round of Nuclear Talks Amid Rising Tensions
Russia Expands Military Presence Near Finland Amid Rising Tensions
Indian Scholar Arrested in Crackdown Over Pakistan Conflict Commentary
Israel Eases Gaza Blockade Amid Internal Dispute Over Military Strategy
President Biden’s announcement of advanced prostate cancer sparked public sympathy—but behind closed doors, Democrats are in panic
A Chinese company made solar tiles that look way nicer than regular panels!
Indian jet shootdown: the all-robot legion behind China’s PL-15E missiles
The Chinese Dragon: The True Winner in the India-Pakistan Clash
Australia's Venomous Creatures Contribute to Life-Saving Antivenom Programme
The Spanish Were Right: Long Working Hours Harm Brain Function
Did Former FBI Director Call for Violence Against Trump? Instagram Post Sparks Uproar
US and UAE Partner to Develop Massive AI Data Center Complex
Apple's $95 Million Siri Settlement: Eligible Users Have Until July 2 to File Claims
US and UAE Reach Preliminary Agreement on Nvidia AI Chip Imports
President Trump and Elon Musk Welcomed by Emir of Qatar Sheikh Tamim with Cybertruck Convoy
Strong Warning Issued: Do Not Use General Chatbots for Medical, Legal, or Educational Guidance
Saudi Arabia Emerges as Global Tech Magnet with U.S. Backing and Trump’s Visit
This was President's departure from Saudi Arabia. The Crown Prince personally escorted him back to the airport.
NVIDIA and Saudi Arabia Launch Strategic Partnership to Establish AI Centers
Trump Meets Syrian President Ahmad al-Shara in Historic Encounter
Trump takes a blow torch to the neocons and interventionists while speaking to the Saudis
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Elon Musk Joins Trump Meeting in Saudi Arabia
Trump says it would be 'stupid' not to accept gift of Qatari plane
Quantum Computing Threatens Bitcoin Security
Michael Jordan to Serve as Analyst for NBA Games
×