{"id":75210,"date":"2025-03-02T20:22:07","date_gmt":"2025-03-02T17:22:07","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=75210"},"modified":"2025-11-25T23:19:22","modified_gmt":"2025-11-25T23:19:22","slug":"%d8%a7%d9%84%d8%b3%d8%b9%d9%88%d8%af%d9%8a%d8%a9-%d9%84%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%d8%b9%d8%b2%d8%b2","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/75210\/","title":{"rendered":"\u201cSaudi Mortgage Refinance Company boosts housing market with SAR 3.4 billion deal"},"content":{"rendered":"

Signed Saudi Real Estate Refinance Company<\/a> SRC<\/strong> -A Public Investment Fund subsidiary has signed an agreement with the Saudi National Bank to purchase a mortgage portfolio worth 3.4 billion riyals, marking one of the largest refinancing transactions Real estate finance<\/a> <\/strong>in the kingdom.<\/p>\n

The agreement was signed by Tarek Al-Sadhan, CEO of the Saudi National Bank, and Majid Al-Abduljabbar, CEO of the Saudi Real Estate Refinancing Company, reaffirming the strategic partnership between the two parties to support the housing sector and provide sustainable financing solutions.<\/p>\n

Promoting Homeownership and Stimulating Liquidity<\/span><\/h4>\n

The agreement aims to support efforts to increase home ownership opportunities for citizens by providing long-term liquidity to the market Real estate finance<\/a> <\/strong>Housing, thereby contributing to strengthening the sector\u2019s financial stability and supporting the objectives of the Kingdom\u2019s Vision 2030.<\/p>\n

In this context, Tarek Al-Sadhan, CEO of the Saudi National Bank, affirmed that the bank remains committed to expanding the range of housing finance solutions for citizens by boosting liquidity and providing competitive solutions that meet the aspirations of Saudi families. He noted that the National Bank\u2014as the Kingdom\u2019s largest real estate financier\u2014plays a pivotal role in supporting the goals of the Housing Program and increasing the homeownership rate among citizens to 70% by 2030.<\/p>\n

Al-Sadhan also emphasized that this agreement solidifies the Saudi National Bank\u2019s position in the secondary mortgage market, and reinforces its role as a strategic partner in the grant-based refinancing model adopted by the Saudi Real Estate Refinancing Company, which positively contributes to enhancing liquidity and financial stability in the housing sector, as well as marking a significant milestone in the journey toward long-term sustainable securitization.<\/p>\n

Building a Sustainable Mortgage Market<\/span><\/h4>\n

For his part, Majid Al-Abduljabbar, CEO of the Saudi Real Estate Refinancing Company, explained that the signing of this agreement with the Saudi National Bank reflects the shared vision of both parties to strengthen the housing finance system in the Kingdom. He added that through this partnership, the company is working to provide the necessary liquidity and establish an integrated securitization framework, thereby ensuring the development of a sustainable mortgage market that meets citizens\u2019 aspirations for home ownership.<\/p>\n

Al-Abduljabbar noted that this agreement is part of a series of strategic initiatives recently implemented by the Saudi Real Estate Refinancing Company, which reinforces its pivotal role in supporting the secondary market for real estate financing and promotes the long-term financial stability of this vital sector.<\/p>\n

Stimulating Financial Innovation and Attracting Investment<\/span><\/h4>\n

This agreement represents a significant step toward developing innovative financial instruments backed by real estate collateral, which will help boost market liquidity and increase the real estate sector\u2019s appeal to local and international investors. This complementary partnership between the Saudi National Bank and the Saudi Real Estate Refinancing Company also underscores their strategic role in stimulating economic growth through the development of innovative financing solutions that support the real estate market.<\/p>\n

Supporting the Kingdom's Leadership in Real Estate Financing<\/span><\/h4>\n

The agreement supports efforts to develop a robust secondary market for mortgage financing in the Kingdom through the securitization of the acquired portfolios, thereby ensuring the sector\u2019s long-term financial stability. It also reinforces Saudi Arabia\u2019s position as a leading regional power in the mortgage finance sector and contributes to achieving the goals of Vision 2030 in building a balanced and sustainable housing sector that meets the needs of all segments of society.<\/p>","protected":false},"excerpt":{"rendered":"

Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>The Saudi Real Estate Refinance Company (SRC), a Public Investment Fund (PIF) company, has signed an agreement with Saudi National Bank (SNB) to purchase a SAR 3.4 billion mortgage portfolio, marking one of the largest real estate refinancing transactions in the Kingdom. The agreement was signed by Tariq Al-Sadhan, CEO of Saudi National Bank, and SRC's CEO, Mr. ... Read more<\/a><\/p>","protected":false},"author":27,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"0","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"footnotes":""},"categories":[119],"tags":[],"class_list":["post-75210","post","type-post","status-publish","format-standard","hentry","category-real-estate-finance"],"acf":{"amlak_post_excerpt":"\u0627\u062a\u0641\u0627\u0642\u064a\u0629 \u0634\u0631\u0627\u0621 \u0645\u062d\u0641\u0638\u0629 \u0645\u0646 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0623\u0647\u0644\u064a \u0627\u0644\u0633\u0639\u0648\u062f\u064a \u0644\u062a\u0639\u0632\u064a\u0632 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0648\u0628\u0646\u0627\u0621 \u0633\u0648\u0642 \u062a\u0645\u0648\u064a\u0644 \u0639\u0642\u0627\u0631\u064a \u0645\u0633\u062a\u062f\u0627\u0645 \u0648\u062f\u0639\u0645 \u0628\u0631\u0646\u0627\u0645\u062c \u0627\u0644\u0625\u0633\u0643\u0627\u0646","amlak_post_excerpt_source":{"label":"Amlak post excerpt","type":"text","formatted_value":"\u0627\u062a\u0641\u0627\u0642\u064a\u0629 \u0634\u0631\u0627\u0621 \u0645\u062d\u0641\u0638\u0629 \u0645\u0646 \u0627\u0644\u0628\u0646\u0643 \u0627\u0644\u0623\u0647\u0644\u064a \u0627\u0644\u0633\u0639\u0648\u062f\u064a \u0644\u062a\u0639\u0632\u064a\u0632 \u0627\u0644\u0633\u064a\u0648\u0644\u0629 \u0648\u0628\u0646\u0627\u0621 \u0633\u0648\u0642 \u062a\u0645\u0648\u064a\u0644 \u0639\u0642\u0627\u0631\u064a \u0645\u0633\u062a\u062f\u0627\u0645 \u0648\u062f\u0639\u0645 \u0628\u0631\u0646\u0627\u0645\u062c \u0627\u0644\u0625\u0633\u0643\u0627\u0646"}},"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":"","trp-custom-language-flag":"","event-thumbnail":"","event-medium":"","event-large":"","event-hero":""},"author_info":{"info":["\u0623\u0645\u0644\u0627\u0643 \u0627\u0644\u0639\u0642\u0627\u0631\u064a\u0629"]},"category_info":"\u062a\u0645\u0648\u064a\u0644 \u0639\u0642\u0627\u0631\u064a<\/a>","tag_info":"\u062a\u0645\u0648\u064a\u0644 \u0639\u0642\u0627\u0631\u064a","comment_count":"0","_links":{"self":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/75210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/comments?post=75210"}],"version-history":[{"count":0,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/posts\/75210\/revisions"}],"wp:attachment":[{"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/media?parent=75210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/categories?post=75210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amlak.net.sa\/en\/wp-json\/wp\/v2\/tags?post=75210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}