RIYADH: The Saudi Real Estate Refinance Co., wholly owned by the Public Investment Fund, on Sunday signed an agreement with Al Rajhi Bank to refinance more than worth SR5 billion ($1.33 billion) real estate financing portfolio. The deal is the largest of its kind in the Saudi banking industry, according to a statement issued by SRC. The agreement was signed in the presence of
Saudi Real Estate Refinance Company (SRC), a unit of the kingdom s sovereign wealth fund PIF, has signed an agreement with Alrajhi, the world’s largest Islamic bank by mortgage assets, to refinance over SR5 billion ($1.3 billion) real estate financing por
Saudi PIF unit in $1 3bn real estate refinancing deal with Alrajhi tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.
Leading global industry experts put spotlight on the challenges and opportunities presented by Saudi Arabia’s transformative reforms and also discussed the future of the kingdom s $500 billion infrastructure pipeline and its impact on the banking sector.