Al-Rajhi Bank, the biggest retail bank in Saudi Arabia, has signed an agreement with the Housing Ministry to exclusively offer mortgages as part of the government’s agenda to increase homeownership, according to its CEO, Steve Bertamini. He said that the bank has done a lot of work in this sector, and that the bank represents 18% of the mortgage market. Al-Rajhi will offer mortgages under a scheme where the government effectively sets aside part of the down-payment on the buyer’s behalf. (MEED)   Al-Rajhi Bank: SAR53.82 as of 25 September 2016, Rating: Neutral, FV: SAR54.00 per share, MCap: USD23,322mn, RJHI AB / 1120.SE