The partnership aims to create an advanced mortgage platform for the real estate sector. The partnership, which came as part of the Cityscape Global 2025 held at the Riyadh Exhibition and Convention Center in Malham, aims to create a world-class, multi-purpose asset management and services platform in the Kingdom,
The agreement was signed by Luay bin Mohammed Al Nahid, CEO of the Real Estate Development Fund, Majeed bin Fahad Al Abduljabbar, CEO of Saudi Real Estate Refinance Company (SRC), and LCM Partners CEO Paul Burdell.
The agreement was signed by Luay bin Mohammed Al Nahid, CEO of SRC, and Paul Burdell, CEO of LCM Partners.
Strengthening the real estate finance ecosystem
This partnership comes within the framework of strengthening the real estate finance ecosystem in the Kingdom, by developing advanced operational solutions and applying a global model for asset management and financial operations, to achieve the objectives of the Housing Program - one of the programs of Saudi Vision 2030 - to enable families to own the right home and ensure the sustainability of the real estate finance sector.
This partnership comes within the framework of strengthening the real estate finance ecosystem in the Kingdom of Saudi Arabia.
<As part of this strategic initiative, LCM Partners will become a shareholder in the National Support Company for Finance Services, through the issuance of new shares.
Minister Al Haqeel emphasized that this partnership represents a new stage in the development of the housing finance system and reflects the effective integration between the public and private sectors, noting that it highlights the attractiveness of the Saudi market to international investors and confirms confidence in the Saudi economy and its robustness.
For his part, the CEO of LCM Partners explained. For his part, the CEO of the Real Estate Development Fund explained that this partnership comes as an extension of the Fund's efforts to enhance financial sustainability and diversify ownership options through quality partnerships that support national economic growth and innovation in the real estate sector, stressing that the agreement will contribute to raising the efficiency of asset management and improving the quality of services provided to beneficiaries.
For his part, the President of the Real Estate Development Fund indicated that the agreement will contribute to raising the efficiency of asset management and improving the quality of services provided to beneficiaries.
For his part, the CEO of the Saudi Real Estate Refinance Company pointed out that the agreement represents an important step towards improving the quality of financing services in the real estate finance market in the Kingdom, indicating that this partnership is a new building block in building an integrated and sustainable financing system.
The CEO of Brookfield Asset Management said that the agreement will contribute to raising the efficiency of asset management and improving the quality of services provided to beneficiaries. Bruce Felt, CEO of Brookfield Asset Management, explained that the partnership with LCM Partners strengthens the company's presence in one of the most dynamic and forward-looking economies, stressing its commitment to long-term investment in the Kingdom's real estate and financial infrastructure.
Brookfield Asset Management CEO Bruce Felt said the agreement is an important step in improving the quality of financing services in the real estate finance market in the Kingdom. Bruce Felt, CEO of LCM Partners, emphasized that the collaboration is based on trust and shared ambition, noting that the agreement represents a new phase in the development of the housing and credit markets through a world-class service platform.
