The National Housing Company (NHC) was established in 2016 under Royal Decree No. 7262, dated 8/2/1437AD to be the investment arm of the initiatives and programs of the Ministry of Municipal and Rural Affairs and Housing in the real estate, residential and commercial sectors. Then the company came under state ownership in May of the year 2020, after which it entered a new stage in its journey and became an effective enabler of solutions for the Saudi real estate market.