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

28/05/2024 Argaam

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

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.

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