RIYADH: Saudi Real Estate Refinance Co. has completed issuing a SR2 billion ($533 million) sukuk to support lenders in the Kingdom’s housing market. The 10-year sukuk was issued at a fixed profit rate of 3.04 percent marketed to Saudi institutional investors, the deal was oversubscribed 2.5 times, the company said in a statement on Sunday. The newly raised fund will allow
New funding raised will enable mortgage originators to provide lower mortgage rates and support the housing market, making borrowing more accessible to buyers Issuance helps to deepen Saudi
/PRNewswire/ Saudi Real Estate Refinance Company (SRC) successfully completed issuing a SAR 2 billion Sukuk to support lenders in the housing market, with.
/PRNewswire/ Saudi Real Estate Refinance Company (SRC) successfully completed issuing a SAR 2 billion Sukuk to support lenders in the housing market, with.