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.
-
Dossier2 months agoDossier, 2026
-
OER Magazines1 month agoOER, February 26
-
Banking & Finance2 months agoSohar International and Sohar Islamic Supports Over 100 Families in Al Wusta Governorate Through Its ‘Sohar Al Attaa’ Initiative
-
Banking & Finance2 months agoNational Finance Unveils Exclusive Ramadan Offers on Auto Financing
-
Economy1 month agoMiddle East Tensions Heighten Risks to Strait of Hormuz, Raising Uncertainty for Global Oil Markets
-
Economy2 months agoAnalysis: Oman-India CEPA Opens Path to Deeper Trade Investment and Growth
-
Economy2 months agoANALYSIS: Oil Near Seven-Month Highs Amid US, Iran Tensions
-
Alamaliktistaad Magazines2 months agoAl-iktisaad, February 26

You must be logged in to post a comment Login