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SRC

NEWS DESK

Saudi Real Estate Refinance Company Signs Deal to Boost Residential Mortgage Market Stability

The Saudi Real Estate Refinance Company (SRC), a Public Investment Fund (PIF) company, has signed a residential real estate finance portfolio purchase agreement with Saudi Awwal Bank (SAB).  The signing ceremony was attended by the Minister of Municipalities and Housing and SRC Board Chairman Majed Al-Hogail.   The agreement forms part of SRC’s ongoing efforts […]
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SRC Launches First Residential Mortgage-Backed Securities (RMBS) Transaction Under Local Securitization Program to Strengthen the Real Estate Finance Market

PR News Desk
The Saudi Real Estate Refinance Company (SRC), a PIF company, has announced the launch of the Kingdom’s first Residential Mortgage-Backed Securities (RMBS). This landmark transaction forms part of SRC’s efforts to develop the capital markets and enhance liquidity in the real estate finance sector by introducing, for the first time in the Saudi market, an […]
NEWS DESK

Saudi Real Estate Refinance Company (SRC) Completes Pricing

PR News Desk
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