Saudi real estate has received a US$1.5 billion boost from the Saudi Real Estate Refinance Company (SRC), the debt platform established by the Kingdom’s sovereign wealth fund in February 2018 to accelerate economic diversification.SRC has signed a portfolio purchase agreement with Alrajhi Bank worth SAR5 billion (US$1.33 billion), representing the...
Saudi real estate has received a US$1.5 billion boost from the Saudi Real Estate Refinance Company (SRC), the debt platform established by the Kingdom’s sovereign wealth fund in February 2018 to accelerate economic diversification.SRC has signed a portfolio purchase agreement with Alrajhi Bank worth SAR5 billion (US$1.33 billion), representing the...