The assets of real estate finance and refinance companies in Saudi Arabia, including the assets of the Saudi Real Estate Refinance Company (SRRC), rose significantly to SR95.85 billion by the end of the second quarter of 2024, compared to SR87.4 billion during the same period last year, registering a growth of 9.67% year-on-year.

According to data from the Saudi Central Bank (SAMA), the assets of SRRC increased to SR29.25 billion, marking a year-on-year increase of 9.67%.

According to SAMA data, the assets of Saudi Re Real Estate Finance rose to SAR 29.25 billion, achieving an increase of 16.8% compared to its value recorded at the end of Q2 2023, which reached SAR 25.04 billion.

According to the Saudi Central Bank (SAMA) data. It should be noted that the capital of the Saudi Real Estate Refinance Company is SAR 5 billion, while liabilities are SAR 23.8 billion and equity is SAR 5.45 billion.

It should be noted that the capital of the Saudi Real Estate Refinance Company is SAR 5 billion. As for the real estate finance and refinancing companies in the Kingdom, their total capital stands at SR21.33 billion, while equity stands at SR33.5 billion and liabilities amount to SR62.36 billion.

These figures are noteworthy for the growth of the Saudi Real Estate Refinance Company. <These figures reflect the continued growth of the real estate finance sector in Saudi Arabia, reinforcing the role of these companies in supporting the housing sector and achieving financial sustainability.