Aramco increases its home ownership benefits for employees.

More Money for More Homes - 1973

From the Dec. 19, 1973 Sun and Flare

Sulayman Dabit, pictured on the right, explains policy and administration changes in the Aramco Home Ownership program to Aramco division and unit heads at a meeting held in the Oil Exhibit Theater.

Among the policy changes, where became effective Jan. 1, 1974, were an increase in the maximum loan amount available to eligible employees, as well as an increase in the company subsidy on purchased lots from 20% to 50%.

Regarding administration, a much greater emphasis was then placed on counseling and on expediting home loan applications.

More Money for More Homes - 1973


— The Arabian Sun: December 19, 2022