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FinancialNews


  • 28-12-17

    Saudi Arabia: SRC signs $266mln deal with Bidaya Home Finance

    (MENAFN) A deal to buy a portfolio and offer a mortgage refinancing facility valued $266 million has been signed by the Saudi Real Estate Refinance Company (SRC) with Bidaya Home Finance.

    SRC with Public Investment Fund of Saudi Arabia as its owner has secured its second refinancing deal inked within a period of two weeks.

    The company looks to ease up liquidity in the Saudi mortgage market since it was founded in October so as to encourage home ownership.

    The agreements are set in aspiration to supply lenders with liquidity that will push for development and preservation of the real estate financing market.

    MENAFN2812201700450000ID1096282094

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