{
Tareq Abdulrahman Al Sadhan

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}
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001122334455554433221100

SRC acquires 3.4 billion SAR mortgage portfolio from Saudi National Bank

The Saudi Real Estate Refinance Company (SRC), a subsidiary of the Public Investment Fund, has acquired a SAR 3.4 billion mortgage portfolio from the Saudi National Bank, marking a significant refinancing transaction in Saudi Arabia. This move aims to enhance liquidity in the residential mortgage market and supports the Vision 2030 goal of increasing homeownership rates to 70%. The acquisition also aligns with SRC's efforts to strengthen the secondary mortgage market and develop Residential Mortgage-Backed Securities (RMBS).
Finance Middle East
Saudi Riyal Saudi Real Estate Refinance Company SAU Tareq Abdulrahman Al Sadhan
Finance & Economy, Press Release
08:36 03.03.2025
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