Categories: Business

SRC refinancing assets hit $5.3bn amid Alinma Bank portfolio acquisition


Fri, 2022-09-02 15:03

RIYADH: The Saudi Real Estate Refinance Co., wholly owned by the Public Investment Fund, is seeing its assets hitting SR20 billion ($5.3bn) after it completed a deal with Alinma Bank to acquire one of its real estate financing portfolios.

SRC has acquired in excess of SR20 billion in refinancing assets, through partnerships with major banks and mortgage providers in the Kingdom, a statement showed.

Main category:
Business & Economy



Source link

gulftimes

Recent Posts

Arab News | Why Houthis target Riyadh and what to do about it

The Houthis’ repeated attacks on Riyadh airport, resulting in hundreds of casualties among innocent passengers…

1 hour ago

Arab News | Saudi space regulator calls for global cooperation as space economy heads toward $1.8tn

RIYADH: Saudi Arabia’s Communications, Space and Technology Commission Gov. Haytham AlOhali called for stronger international…

1 hour ago

Arab News | Saudi Arabia’s SME PMI at 53.8 as new orders hit 7-month high

RIYADH: Saudi Arabia’s small and medium-sized enterprises recorded their fastest growth in new orders in…

1 hour ago

Watch: Who are the Houthis, and why are they so hard to fight?

Saudi Arabia's energy minister has vowed to respond to the attacks on the kingdom's airports…

2 hours ago

Arab News | Saudi Arabia highlights space sustainability priorities at Riyadh forum

RIYADH: Saudi Arabia is seeking to strengthen international cooperation on space connectivity and sustainability as…

2 hours ago

Arab News | Jordan approves ‘landmark’ $564m sukuk for Greater Amman Municipality

RIYADH: Jordan has approved its first municipal Islamic sukuk issuance, worth 400 million Jordanian dinars…

3 hours ago