Economy
Saudi Real Estate Refinance Sets Up $2.93 Billion Sukuk Program

Saudi Real Estate Refinance Co., a unit of the kingdom’s sovereign wealth fund, set up an 11 billion-riyal ($2.93 billion) Islamic bond program to increase liquidity in the country’s mortgage market.
HSBC Saudi Arabia has been appointed as the sole arranger and bookrunner for the riyal-denominated program, the company said in a statement. Sukuk will be issued through multiple tranches.
Saudi Real Estate Refinance Co. is fully owned by the Public Investment Fund and was set up in 2017 to increase home ownership among Saudi citizens and promote the development of a housing finance market in the kingdom.
-
OER Magazines2 months ago
OER, July 25
-
Alamaliktistaad Magazines2 months ago
Al-Iktisaad, July 25
-
Digital2 months ago
Russia’s Digital Frontier: An Inside Look with Alexey Goreslavsky of IRI
-
News1 month ago
OpenAI Strengthens ChatGPT’s Mental Health Safeguards Ahead of GPT-5 Launch
-
Banking & Finance2 months ago
Sohar International Partners as Main Sponsor for Refill 3, a Culinary and Cultural Festival Driving Tourism in Khareef Dhofar
-
Banking & Finance2 months ago
Tender results of Government Treasury Bills worth RO21.7 million issued
-
Energy2 months ago
SOHAR Port and Freezone Signs MoU to Develop Natural Hydrogen Value Chain in Oman
-
Economy1 month ago
Najla Zuhair Al Jamali Appointed President of bp Oman
You must be logged in to post a comment Login