Saudi JournalSaudi Journal
  • Home
  • Saudi Arabia
  • Business
  • Life
  • Technology
  • English
  • العربية
  • Submit A Press Release
Business

OQEP announces audited financial results for first half 2025

…

Business

Center3 and stc Bahrain announce strategic Gulf-to-Red Sea terrestrial interconnection

…

Prime Developments and Osoul for Tourism Development launch “CLAN” project in Hurghada

COMEX signs strategic MoU with Oman’s Unified Promotional Identity Office to fuse innovation with national identity

Facebook Twitter Instagram Pinterest
Latest posts:
  • OQEP announces audited financial results for first half 2025
  • Center3 and stc Bahrain announce strategic Gulf-to-Red Sea terrestrial interconnection
  • Prime Developments and Osoul for Tourism Development launch “CLAN” project in Hurghada
  • COMEX signs strategic MoU with Oman’s Unified Promotional Identity Office to fuse innovation with national identity
  • Ajman Bank partners with Expleo to establish a testing centre of excellence
  • Global Markets Stage at SBC Summit to Explore What’s Next for North America
  • Bain & Company releases brief on the future of financial planning
  • “Emirates Leisure Retail” signs first official agreement with “Saddle” to open a franchise at Dubai International (DXB)
Facebook Twitter Instagram Pinterest
Saudi JournalSaudi Journal
  • Home

    OQEP announces audited financial results for first half 2025

    Center3 and stc Bahrain announce strategic Gulf-to-Red Sea terrestrial interconnection

    Prime Developments and Osoul for Tourism Development launch “CLAN” project in Hurghada

    COMEX signs strategic MoU with Oman’s Unified Promotional Identity Office to fuse innovation with national identity

    Ajman Bank partners with Expleo to establish a testing centre of excellence

  • Saudi Arabia
  • Business
  • Life
  • Technology
  • English
  • العربية
  • Submit A Press Release
Saudi JournalSaudi Journal
Home » The Saudi Real Estate refinance Company signs a portfolio acquisition agreement With Arab National Bank
Business

The Saudi Real Estate refinance Company signs a portfolio acquisition agreement With Arab National Bank

Facebook Twitter Pinterest LinkedIn WhatsApp
Share
Facebook Twitter LinkedIn Pinterest WhatsApp

Riyadh, KSA – The Saudi Real Estate Refinance Company (SRC), a PIF company, has signed a new agreement with Arab National Bank to acquire a real estate finance portfolio in the presence of His Excellency Majid bin Abdullah Al-Hogail, Minister of Municipalities and Housing and Chairman of the Board of the Saudi Real Estate Refinance Company, and Eng. Salah Rashid Al-Rashed,Chairman of the Board of Arab National Bank.

This agreement marks an extension of the strategic partnership between the two parties and reaffirms their shared commitment to supporting the growth and sustainability of the real estate finance market in the Kingdom. It aims to enhance liquidity for lenders and enables home ownership among citizens through advanced financing solutions that align with the objectives of the Housing Program under Saudi Vision 2030, contributing to the target of achieving 70% home ownership.

Majeed Fahd Al-Abduljabbar, CEO of the Saudi Real Estate Refinance Company, affirmed that the agreement reflects the shared vision with Arab National Bank to enable home ownership among citizens by establishing a more efficient and sustainable secondary real estate finance market. It aligns with the ambitions of the coming phase and enhances the sector’s appeal to both local and international investors.

Obaid bin Abdullah Al-Rasheed, CEO of Arab National Bank, stated that the partnership with the Saudi Real Estate Refinance Company is a strategic step within the bank’s ongoing efforts to provide innovative financing solutions that drive market growth and sustainability. He expressed confidence that this collaboration will contribute to establishing a strong and effective real estate market built on efficiency and trust.

The agreement comes as part of a series of initiatives led by the Ministry of Municipalities and Housing to enhance citizen empowerment and build an integrated, stable financing environment that advances the Kingdom toward achieving both housing and economic objectives.

The Saudi Real Estate Refinance Company (SRC) was established by the Public Investment Fund (PIF) in 2017 to develop Saudi Arabia’s real estate finance market. It operates under a license from the Saudi Central Bank (SAMA) to facilitate real estate refinancing. SRC plays a key role in achieving the objectives of the Housing Program under Saudi Vision 2030, which aims to increase homeownership rates among Saudi citizens. The company supports this goal by providing liquidity to lenders, enabling them to offer affordable real estate finance to individuals. Additionally, SRC works closely with partners to strengthen Saudi Arabia’s housing ecosystem.

Share. Facebook Twitter Pinterest LinkedIn WhatsApp

Related Posts

Business

OQEP announces audited financial results for first half 2025

Business

Center3 and stc Bahrain announce strategic Gulf-to-Red Sea terrestrial interconnection

Business

Prime Developments and Osoul for Tourism Development launch “CLAN” project in Hurghada

Business

COMEX signs strategic MoU with Oman’s Unified Promotional Identity Office to fuse innovation with national identity

Business

Ajman Bank partners with Expleo to establish a testing centre of excellence

Business

Global Markets Stage at SBC Summit to Explore What’s Next for North America

Business

Bain & Company releases brief on the future of financial planning

Business

“Emirates Leisure Retail” signs first official agreement with “Saddle” to open a franchise at Dubai International (DXB)

Stay In Touch
  • Facebook
  • Twitter
Business

OQEP announces audited financial results for first half 2025

Muscat, Oman – Oman’s leading exploration and production company, OQ Exploration and Production SAOG (“OQEP” or…

Center3 and stc Bahrain announce strategic Gulf-to-Red Sea terrestrial interconnection

Prime Developments and Osoul for Tourism Development launch “CLAN” project in Hurghada

COMEX signs strategic MoU with Oman’s Unified Promotional Identity Office to fuse innovation with national identity

Ajman Bank partners with Expleo to establish a testing centre of excellence

OQEP announces audited financial results for first half 2025

Center3 and stc Bahrain announce strategic Gulf-to-Red Sea terrestrial interconnection

Prime Developments and Osoul for Tourism Development launch “CLAN” project in Hurghada

COMEX signs strategic MoU with Oman’s Unified Promotional Identity Office to fuse innovation with national identity

Ajman Bank partners with Expleo to establish a testing centre of excellence

Stay informed with Saudi Journal, your trusted source for comprehensive coverage of news, events, and insights from Saudi Arabia and beyond. Explore diverse perspectives, stay updated, and engage with the latest stories shaping our world. Experience news like never before with Saudi Journal.

Facebook Twitter
Categories
  • Business (429)
  • Life (124)
  • Saudi Arabia (80)
  • Technology (75)
  • Uncategorized (1)
  • World (56)
    • Africa (11)
    • Asia (25)
    • Europe (5)
    • US (3)
Our Picks
Life

Joel Corry and Imanbek to headline star-studded SBC Summit Opening Party

Business

7X appoints Tariq Al Wahedi as Group CEO to Lead Next Phase of Growth

Business

CNTXT Partners with AI71 at GITEX Global 2024 to Enhance UAE’s AI Data Landscape

© 2025 Saudi Journal.
  • Home
  • Saudi Arabia
  • Business
  • Technology
  • Life
  • English
  • العربية

Type above and press Enter to search. Press Esc to cancel.