Saudi Real Estate Refinance Company (SRC), a Public Investment Fund company, has announced the signing of a SAR 3 billion residential mortgage portfolio purchase agreement with Al Rajhi Bank, as part of its ongoing efforts to enhance liquidity and support the sustainability of the Kingdom's real estate finance market.

This agreement comes at a time when the financial sector is witnessing the increasing importance of providing innovative financing solutions that contribute to enhancing market efficiency and continuity of funding flow, and contribute to supporting the residential real estate finance market in the Kingdom, by providing solutions Mortgage Finance suitable for citizens, in an effort to contribute to achieving the objectives of the Housing Program - one of the programs of the Kingdom's Vision 2030 - to increase the percentage of home ownership by citizens.<The agreement comes within the framework of continuing to support the residential real estate market in the Kingdom and contribute to providing flexible financing solutions for Saudi families by expanding the partnership with Al Rajhi Bank, which will contribute to injecting more liquidity into the residential real estate financing market in the Kingdom, indicating that the agreement represents an extension of cooperation and an important step to achieve the strategic objectives of the housing program.<The agreement reflects the depth of the strategic partnership between SRC and Al Rajhi Bank, and the pivotal role played by both parties in the development of the residential real estate financing system in the Kingdom. This step would represent a role model in activating real estate refinancing solutions, contributing to achieving a balance between growth requirements and efficient liquidity management.

Through these partnerships, the company continues to support the objectives of the housing program within the Kingdom's Vision 2030 by enabling the real estate financing system, enhancing liquidity, and expanding the investor base, thus contributing to raising the rate of home ownership for citizens, as the company confirms its commitment to support