Construction & Real Estate

Saudi PIF unit launches second residential mortgage-backed securities issuance

The Saudi Real Estate Refinance Company (SRC), a PIF company, has announced the launch of its second Residential Mortgage-Backed Securities (RMBS) issuance, marking a significant step in the development of the kingdom’s securitisation market. ...

Construction & Real Estate

KIB Invest plays key role in $2.75bn Saudi Real Estate Refinance Co sukuk

Kuwait International Bank (KIB), through its Islamic investment arm KIB Invest, participated as a Joint Lead Manager in the pricing of the third issuance of international sukuk for the Saudi Real Estate Refinance Company (SRC), with a total value of $2.75 billion....

Construction & Real Estate

PIF unit in deal to acquire Saudi residential mortgage portfolio

The Saudi Real Estate Refinance Company (SRC), a subsidiary of the kingdom's wealth fund PIF, has signed an agreement with Alawwal Bank to acquire a residential mortgage portfolio. The deal forms part of the SRC’s efforts to support the housing sector by providing liquidity to financing institutions. ...