Saudi Real Estate Refinance Company Secures SAR 2B Funding to Drive Homeownership and Mortgage Market Growth in Saudi Arabia

The Saudi Real Estate Refinance Company (SRC) is thrilled to announce it has successfully raised SAR 2,000,000,000 in its latest funding round—a monumental milestone that reinforces our commitment to transforming the housing finance landscape in the Kingdom of Saudi Arabia. Established in 2017 and wholly owned by the Public Investment Fund, SRC has rapidly become a cornerstone in the nation’s efforts to meet Vision 2030 housing targets, particularly the ambitious goal of increasing home ownership to 60% by 2020. Our unique position as a licensed operator in the secondary real estate market, sanctioned by the Saudi Arabian Monetary Authority, allows us to work closely with banks and finance companies by providing not direct home loans but crucial funding solutions. By offering both short and long-term loans as well as facilitating portfolio acquisitions, we deliver the liquidity and capital necessary to support lenders as they finance the primary mortgage market. Forecasts suggest that mortgage financing will experience significant growth—from SAR290 billion to SAR500 billion by 2020, and eventually soaring to SAR800 billion over the next decade—reflecting the enormous potential of our market. This fresh injection of capital is strategically earmarked to expand our operations, enhance our funding mechanisms, and further enable the aggregation and packaging of loan portfolios into mortgage-backed securities. By selling these securities to investors and reinvesting funds back into the market, we are not only strengthening our role as a trusted market facilitator but are also setting the stage for more accessible housing finance solutions. This funding milestone is a testament to the confidence that our partners and investors have in our vision and operational excellence, and it marks a significant step forward in our mission to help more Saudis realize the dream of home ownership.