{"id":21330,"date":"2018-08-15T14:26:37","date_gmt":"2018-08-15T11:26:37","guid":{"rendered":"http:\/\/www.amlak.net.sa\/home\/?p=21330"},"modified":"2018-08-15T14:26:37","modified_gmt":"2018-08-15T11:26:37","slug":"%d8%b4%d8%b1%d9%83%d8%a9-%d8%a5%d8%b9%d8%a7%d8%af%d8%a9-%d8%a7%d9%84%d8%aa%d9%85%d9%88%d9%8a%d9%84-%d8%a7%d9%84%d8%b9%d9%82%d8%a7%d8%b1%d9%8a-%d8%aa%d9%88%d9%82%d8%b9-%d8%a7%d8%aa%d9%81%d8%a7%d9%82","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/21330\/","title":{"rendered":"Real Estate Refinance Company signs SAR 6 billion worth of agreements to support the housing sector"},"content":{"rendered":"<div class=\"block_home_slider style1\">\n<h4 id=\"h4NewsTitle\">The Saudi Real Estate Refinance Company has signed its seventh agreement with banks and financial institutions, through a partnership with the Saudi British Bank \u201cSABB\u201d, which was signed in the presence of His Excellency the Minister of Housing and Chairman of the Board of Directors of the Saudi Real Estate Refinance Company, Mr. Majid bin Abdullah Al-Hogail, bringing the total amount pumped into the real estate market through these partnerships to 6 billion riyals with the aim of providing more diversified housing finance solutions at better prices. .<\/h4>\n<\/div>\n<div id=\"divNewsDetailsPar\">\n<div id=\"divNewsDetailsContainer\" class=\"block_home_post\">\n<div>\n<div class=\"header-post screenonly arabiconly\">This agreement comes to emphasize the importance of partnership between the public and private sectors to inject more liquidity into the housing finance market, to enable more citizens to own homes, as these efforts come in pursuit of achieving the Kingdom's Vision 2030 regarding the housing sector.<br \/>\nThe agreement was signed at the Ministry of Housing headquarters by Fabrice Sosini, CEO of Saudi Mortgage Refinance Company, and David Dew, Managing Director of SABB, in the presence of a number of senior executives and board members from both sides.<br \/>\nFabrice Sosini, CEO of the Saudi Mortgage Refinance Company, explained that this agreement with SABB is an important step towards the company's goal of enabling lenders to provide more housing solutions at a better cost, stressing the keenness to continue the process of cooperation with banks and various housing finance companies and institutions, as these partnerships will raise the level of liquidity and enhance the stability of the secondary market for housing finance.<br \/>\nHe pointed out that this agreement is the seventh in the history of the Saudi Refinance Company, noting that the total amount pumped through the Saudi Refinance Company to increase liquidity in the housing finance market amounted to about 6 billion riyals.<br \/>\nFor his part, SABB Managing Director David Dew explained that reaching this agreement reflects the depth of cooperation between SABB and the Ministry of Housing and the Saudi Mortgage Refinance Company, stressing that this agreement will have a role in developing the housing sector and providing sustainable solutions that enable the citizen to own the appropriate housing easily and conveniently, as the cooperation through this agreement will allow SABB to diversify more products in line with the desires of customers.<br \/>\nSaudi Real Estate Refinance Company is a wholly owned subsidiary of the Public Investment Fund. Through these agreements, the company has injected more than SAR 6 billion through financing operations and portfolio acquisitions to create the right conditions in the housing finance market and allow lenders to offer more and easier housing finance solutions. The company aims to revitalize the Saudi residential real estate sector by enabling lenders to offer financing solutions that better suit the needs of home ownership seekers.<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">Minutes<\/span><\/span>\u0648\u0642\u0639\u062a \u0627\u0644\u0634\u0631\u0643\u0629 \u0627\u0644\u0633\u0639\u0648\u062f\u064a\u0629 \u0644\u0625\u0639\u0627\u062f\u0629 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u0639\u0642\u0627\u0631\u064a \u0633\u0627\u0628\u0639 \u0627\u062a\u0641\u0627\u0642\u064a\u0627\u062a\u0647\u0627 \u0645\u0639 \u0627\u0644\u0628\u0646\u0648\u0643 \u0648\u0627\u0644\u0645\u0624\u0633\u0633\u0627\u062a \u0627\u0644\u062a\u0645\u0648\u064a\u0644\u064a\u0629\u060c \u0645\u0646 \u062e\u0644\u0627\u0644 \u0627\u0644\u0634\u0631\u0627\u0643\u0629 \u0645\u0639 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0633\u0639\u0648\u062f\u064a \u0627\u0644\u0628\u0631\u064a\u0637\u0627\u0646\u064a &#8220;\u0633\u0627\u0628&#8221;\u060c \u0627\u0644\u062a\u064a \u062c\u0631\u0649 \u062a\u0648\u0642\u064a\u0639\u0647\u0627 \u0628\u062d\u0636\u0648\u0631 \u0645\u0639\u0627\u0644\u064a \u0648\u0632\u064a\u0631 \u0627\u0644\u0625\u0633\u0643\u0627\u0646 \u0631\u0626\u064a\u0633 \u0645\u062c\u0644\u0633 \u0625\u062f\u0627\u0631\u0629 \u0627\u0644\u0634\u0631\u0643\u0629 \u0627\u0644\u0633\u0639\u0648\u062f\u064a\u0629 \u0644\u0625\u0639\u0627\u062f\u0629 \u0627\u0644\u062a\u0645\u0648\u064a\u0644 \u0627\u0644\u0639\u0642\u0627\u0631\u064a \u0627\u0644\u0623\u0633\u062a\u0627\u0630 \u0645\u0627\u062c\u062f \u0628\u0646 \u0639\u0628\u062f\u0627\u0644\u0644\u0647 \u0627\u0644\u062d\u0642\u064a\u0644\u060c \u0644\u064a\u0635\u0644 \u0625\u062c\u0645\u0627\u0644\u064a \u0645\u0627 \u062a\u0645 \u0636\u062e\u0647 \u0641\u064a \u0627\u0644\u0633\u0648\u0642 \u0627\u0644\u0639\u0642\u0627\u0631\u064a \u0645\u0646 \u062e\u0644\u0627\u0644 \u062a\u0644\u0643 \u0627\u0644\u0634\u0631\u0627\u0643\u0627\u062a \u0625\u0644\u0649 6 \u0645\u0644\u064a\u0627\u0631 &#8230; 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