SRC infused nearly SAR 30 bln liquidity into market over past five years: CEO

24/01/2023 Argaam

SRC infused nearly SAR 30 bln liquidity into market over past five years: CEO

Fabrice Susini, CEO of Saudi Real Estate Refinance Co. 

Saudi Real Estate Refinance Co. (SRC) injected about SAR 25-30 billion in the market over the past five-year period, CEO Fabrice Susini said.

 

In a session at the Real Estate Future Forum, Susini added that the company also refinanced between 55,000 and 60,000 mortgages. 

 

Meanwhile, he pointed out that there are three challenges facing the real estate finance sector, namely educating individuals about the diversity of options in real estate loans, liquidity as there is a need to open the Saudi market to foreign investments in several ways to provide liquidity, and limited options in the market.

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