‎SRC pens mortgage-portfolio purchase deal with ANB

‎SRC pens mortgage-portfolio purchase deal with ANB ‎SRC pens mortgage-portfolio purchase deal with ANB

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Logo ofSaudi Real Estate Refinance Co. (SRC)

The Saudi Real Estate Refinance Co. (SRC) signed an agreement to purchase a mortgage portfolio from Arab National Bank (ANB).

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In a statement issued on Aug. 7, SRC said the deal will help boost liquidity in the mortgage market and enable more citizens to own homes.

In May 2024, SRC signed a similar mortgage-portfolio purchase agreement with ANB valued at SAR 500 million, according to Argaam data.

 

Logo ofSaudi Real Estate Refinance Co. (SRC)

The Saudi Real Estate Refinance Co. (SRC) signed an agreement to purchase a mortgage portfolio from Arab National Bank (ANB).

In a statement issued on Aug. 7, SRC said the deal will help boost liquidity in the mortgage market and enable more citizens to own homes.

In May 2024, SRC signed a similar mortgage-portfolio purchase agreement with ANB valued at SAR 500 million, according to Argaam data.

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