RIYADH: The Saudi Real Estate Refinance Co., which is fully owned by the Public Investment Fund, has successfully closed its SR10 billion ($2.7 billion) sukuk program. The first tranche of the domestic sukuk program was launched in March 2021, offering seven- and 10-year dual tenors to Saudi-based investors. This initial tranche was 2.15 times oversubscribed, attracting in
Saudi Real Estate Refinance Company (SRC), a wholly owned company of the Public Investment Fund (PIF), has signed an agreement with Saudi National Bank (SNB) to sell a real estate financing portfolio worth SR1 billion ($266.58 million).
Saudi Real Estate Refinance Company (SRC), a wholly owned company of the Public Investment Fund (PIF), has signed an agreement with Saudi National Bank (SNB) to sell a real estate financing portfolio worth SR1 billion ($266.58 million).
RIYADH: The Saudi Real Estate Refinance Company, a wholly-owned company of the Public Investment Fund, has signed a joint agreement with Saudi National Bank to sell a real estate financing portfolio worth SR1 billion ($270 million). The agreement aims to refinance the portfolio to provide long-term liquidity to the Saudi home financing market and facilitate risk management in