RIYADH: The Saudi Basic Industries Corporation (SABIC), has signed a memorandum of understanding (MoU) with the Ministry of Housing to enhance cooperation in the institutional housing initiative on Monday in Riyadh. The agreement was signed by the Minister of Housing Majid Al-Hogail, and Abdul Aziz bin Saleh Aljarbou, chairman of SABIC. The MoU includes introducing SABIC employees to the ministry’s Sakani program through seminars and exhibitions, while providing advisory services and real estate solutions to employees at the company’s headquarters in Riyadh, Jubail and Yanbu. The ministry will also provide SABIC and its employees with a set of offers related to housing loans, land development and home ownership opportunities.