Saudi Real Estate Refinance Company, a PIF company, has announced the successful pricing of its third international issuance of sukuk with an aggregate value of $2.75 billion. It comprises two tranches - a $1.25 billion with a 5.5-year tenor and a $1.5 billion tranche with a 10-year tenor.
The Saudi Real Estate Refinance Company (SRC), a subsidiary of the kingdom's wealth fund PIF, has signed an agreement with Alawwal Bank to acquire a residential mortgage portfolio. The deal forms part of the SRC’s efforts to support the housing sector by providing liquidity to financing institutions.
