Saudi Real Estate Refinance Company Purchases 750 Million SAR Worth of Domestic Mortgages
Posted on 04/28/2019
Saudi Real Estate Refinance Company (SRC) is a unit of the Public Investment Fund. SRC inked a deal to purchase 750 million SAR worth of mortgages from Saudi banks and mortgage financing companies. SRC plans to issue more forms of debt to enable the company to acquire more home loan portfolios in Saudi Arabia.
