The Saudi Real Estate Refinance Company (SRC), a PIF company, has signed a SAR 3.4 billion mortgage portfolio acquisition agreement with the Saudi National Bank (SNB), Saudi Arabia’s largest financial institution. The deal marks one of the largest mortgage refinancing transactions in Saudi
SRC
The Saudi Real Estate Refinance Company (SRC), a PIF Company, has successfully completed the pricing of its first government-guaranteed international Sukuk, valued at USD 2 billion. The issuance, structured in two tranches with maturities of three and ten years, was oversubscribed 6 times, reflecting strong demand from more than 300 institutional investors. This Sukuk is
The Saudi Real Estate Refinance Company (SRC), a PIF company, has signed a Memorandum of Understanding (MoU) with Hassana Investment Company (Hassana), the investment arm company of the General Organization for Social Insurance, aiming to achieve the goals of the Kingdom of Saudi Arabia’s Housing Program and Financial Sector Development Program, aligning with the