The Saudi Real Estate Refinance Co (SRC), the Saudi equivalent of US mortgage finance business Fannie Mae, said on Monday that it has extended to 30 years ..
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RIYADH: Saudi Real Estate Refinance Co. is raising SR3 billion ($810 million) additional sukuk to boost home mortgages in the Kingdom, according to a top official. In an exclusive with Arab News on the sidelines of the Euromoney Saudi Arabia Conference in Riyadh last week, Fabrice Susini, CEO of SRC, said that the sukuk transactions will be closed soon. “We expect to close the
Saudi Real Estate Refinance Company (SRC) has signed a pact with Alinma Bank, a leading Saudi financial institution, to acquire its key real estate financing portfolio. This completes the onboarding of all major mortgage providers in the kingdom by SRC.