REFILE-Saudi Real Estate Refinance Co to obtain sovereign…
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DUBAI, May 28 (Reuters) – Saudi Real Estate Refinance Co (SRC), modelled on U.S. mortgage finance firm fannie Mae, said on Tuesday it will obtain from the Ministry of Finance sovereign guarantees on its planned issues of sukuk, or Islamic bonds.
PIF launches Saudi Real Estate Refinance Company. THE Public investment fund (pif) has announced the establishment of the Saudi real estate refinance company (src) in line with Vision 2030 objectives to improve the performance of the real estate market.
Because, we are concerned with the implications of global central bank easing; even if setting aside Europe and the LTRO which are long-term refinancing. with real assets, natural resources and.
Saudi Real Estate Refinance Company (SRC) has established a major sukuk programme with plans to issue up to sr11 billion (.93 billion) bonds, a statement said. Proceeds from the sukuk issuance will help SRC fund its business strategy to increase the liquidity in the Saudi Arabian mortgage.