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FinancialNews


  • 11-03-21

    Saudi Real Estate Refinance Company grants USD1.07B of sukuk

    (MENAFN)The Saudi Real Estate Refinance Company (SRC) proclaimed SR4 billion (USD1.07 billion) in long-term sukuk granting, offering liquidity to the Kingdom’s housing market.

    The real estate finance company lately inaugurated a SR10 billion sukuk program addressing local investors.

    The newest issuance was obtainable in seven- and 10-year tenors and part of a private set to Saudi-based institutional investors.

    According to Majed Al-Hogail, the minister of housing and chairman of the SRC, “The successful Sukuk issuance demonstrates confidence among the investor community and trust in a robust housing market in the Kingdom and more broadly a resilient Saudi economy.”

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