الشركة السعودية لإعادة التمويل العقاري SRC توقع اتفاقية لشراء محفظة تمويل عقاري Saudi Real Estate Refinance Company (SRC) signs an agreement to purchase a real estate financing portfolio.
The Saudi Real Estate Refinancing Company (SRC), one of the Public Investment Fund companies, announced the signing of an agreement to purchase a residential real estate financing portfolio from Banque Saudi Fransi, in the third transaction of its kind between the two sides.
The Saudi Real Estate Refinance Company (SRC), a Public Investment Fund company, announced that it had signed an agreement to purchase a residential mortgage financing portfolio from Banque Saudi Fransi, marking the third transaction of its kind between the two parties.
The agreement was signed under the patronage of the Minister of Municipalities and Housing and Chairman of the Company’s Board of Directors, Majed bin Abdullah Al-Hogail, and in the presence of the Chairman of the Board of Directors of Banque Saudi Fransi, Mazen bin Abdul Razzaq Al-Rumaih.
The agreement was signed under the patronage of Majid bin Abdullah Al-Hogail, Minister of Municipalities and Housing and Chairman of SRC, in the presence of Mazen bin Abdulrazzaq Al-Rumaih, Chairman of Banque Saudi Fransi.
The agreement aims to provide liquidity to financing entities and enhance their ability to provide housing financing solutions, in addition to developing the secondary market for real estate financing and raising its efficiency and sustainability.
The agreement aims to provide liquidity to financing institutions and strengthen their capacity to offer residential financing solutions, while developing the secondary mortgage market and improving its efficiency and sustainability.
The CEO of the Saudi Real Estate Refinancing Company, Majeed bin Fahd Al-Abdul-Jabbar, confirmed that the agreement strengthens the strategic partnership between the two parties and contributes to expanding the scope of residential real estate financing.
Majid bin Fahd Al-Abduljabbar, CEO of SRC, stated that the agreement strengthens the strategic partnership between the two parties and contributes to expanding the scope of residential real estate financing.
For his part, CEO of Banque Saudi Fransi, Badr bin Hamad Al-Salloum, explained that cooperation supports the development of financing solutions for customers, and enhances market efficiency and sustainability.
For his part, Bader bin Hamad Al-Salloum, CEO of Banque Saudi Fransi, explained that the cooperation supports the development of financing solutions for customers and enhances the market’s efficiency and sustainability.
The agreement comes within the company's efforts to expand the investor base, develop real estate refinancing solutions, and support the goals of the housing program and Saudi Vision 2030.
The agreement forms part of the company’s efforts to broaden its investor base, develop real estate refinancing solutions, and support the objectives of the Housing Program and Saudi Vision 2030.
The company was established in 2017 by the Public Investment Fund, and works under a license from the Central Bank of Saudi Arabia to provide liquidity to financiers, support the growth of the real estate financing market, and enhance Saudi families’ ownership of homes.
SRC was established in 2017 by the Public Investment Fund and operates under a license from the Saudi Central Bank. It provides liquidity to lenders, supports the growth of the mortgage financing market, and promotes homeownership among Saudi families.
