SRC inks deal with ANB to purchase SAR 500M real estate financing portfolio

28/05/2024 Argaam
Snapshot of the agreement signing

Snapshot of the agreement signing


Saudi Real Estate Refinance Co. (SRC) inked an agreement with the Arab National Bank (ANB) to purchase a real estate financing portfolio valued at SAR 500 million.

 

In a post on X, SRC explained that the deal will contribute to enhancing liquidity in the real estate financing market.

 

The agreement also aims to enhance the risk management of real estate market portfolios and financial sustainability in the market, the company added.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.