Saudi Real Estate Refinancing Co. responsible for $13 billion additional liquidity in housing sector

Saudi Real Estate Refinancing Co. responsible for $13 billion additional liquidity in housing sector

RIYADH: Saudi Arabia’s secondary market for residential real estate financing has received SR50 billion ($13 billion) from the company tasked with transforming the sector, Arab News has been told.

The Saudi Real Estate Refinancing Co., SRC, established in 2017 and fully owned by the Public Investment Fund, is designed to provide market liquidity as well as capital and risk management solutions to the housing finance market. Saudi Real Estate Refinancing Co. responsible for $13 billion additional liquidity in housing sector