Saudi Real Estate Refinance Company (SRC) will look to issue its first U.S. dollar-denominated Islamic bonds in the first quarter of 2022, market conditions allowing, and also plans to issue sukuk domestically before year-end, its chief executive said on Wednesday.
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Saudi Real Estate Refinance Company (SRC) has signed a partnership agreement with Real Estate Development Fund (REDF) to refinance a real estate portfolio worth 10 billion riyals ($2.7 billion), SRC said in a statement.
The Saudi Real Estate Refinance Company (SRC) and the Real Estate Development Fund (REDF) have signed an agreement to refinance a property portfolio worth SR10 billion ($2.7 billion), according to a SRC press release. The deal is in line with Saudi Vision 2030 goals to push homeownership in the Kingdom to 70 percent by the end of the decade.
Mansour Bin Madi noted that the agreement is part of the fund's strategy that supports the future goals and plans of REDF to offer diversified housing finance options in the housing real estate financing market, with the aim of meeting the needs of