SRRC
Supporting the real estate finance market
This listing is a pivotal step to support the real estate finance market in the Kingdom, by enhancing liquidity and attracting foreign investments, in addition to supporting the objectives of the Kingdom's Vision 2030, and achieving the objectives of the Financial Sector Development Program and the Public Investment Fund Program, as well as the Housing Program by developing the housing sector and enabling citizens to obtain sustainable financing for home ownership.
His Excellency stressed that this listing is a pivotal step to support the real estate finance market in the Kingdom by enhancing liquidity and attracting foreign investments. His Excellency stressed that this listing reflects the strength of the Kingdom's economy and the attractiveness of the real estate market to international investors, noting that the issuance of international sukuk supports the Kingdom's integration into international financial markets and contributes to enhancing foreign direct investments, in addition to diversifying sources of financing in the housing sector.
His Excellency stressed that this listing reflects the strength of the Kingdom's economy and the attractiveness of the real estate market to international investors.
Pivotal role in enhancing the sustainability of real estate financing
SRRC plays a pivotal role in enhancing the sustainability of real estate finance, as it seeks to develop innovative financing solutions that support mortgage providers and expand the financing options available to citizens at competitive prices.
He pointed out that the issuance of Sukuk aims to stimulate foreign investment in the housing market, as the Kingdom seeks to increase home ownership to 70% by 2030, by providing sustainable financing solutions and developing the secondary market for real estate financing.
For his part, Majeed Al Abduljabbar, CEO of SREC, explained that the successful listing of the Sukuk program reflects the confidence of international markets in the Saudi economy and the sustainability of the real estate finance sector, noting that this step will open the way for new strategic partnerships with major international financial institutions, enhancing the company's ability to provide advanced and sustainable financing solutions.
This step strengthens the company's ability to provide advanced and sustainable financing solutions. The move strengthens the position of the Saudi real estate market as a global investment center, taking advantage of the strong economic environment, flexible legislation, and the Kingdom's strategy to attract international investments, which contributes to the sustainable development of the housing sector.
He noted that the move will open the way for new strategic partnerships with major international financial institutions, which will enhance the company's ability to provide advanced and sustainable financing solutions. Saudi Real Estate Refinance Company (SRC) was established by the Public Investment Fund in 2017 with the aim of developing the real estate finance market in the Kingdom, after obtaining a license from the Central Bank of Saudi Arabia to operate in the field of real estate refinancing. SRC plays a key role in achieving the objectives of the housing program within Vision 2030 to increase the rate of home ownership among Saudi citizens, by providing liquidity to financiers to enable them to provide affordable housing finance to individuals, and working closely with partners to support the Kingdom's housing system.
SRC plays a key role in achieving the objectives of the housing program within Vision 2030 to increase the rate of home ownership among Saudi citizens, by providing liquidity to lenders to enable them to provide affordable housing finance to individuals, and working closely with partners to support the Kingdom's housing system.
