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Saudi Refinance and BSF Sign Third Financing Deal
The Saudi Real Estate Refinance Company, a subsidiary of the Public Investment Fund, announced the signing of its third agreement to purchase a residential mortgage portfolio from the Saudi French Bank. This aims to enhance the efficiency of the mortgage financing market in the Kingdom and support its sustainability. This agreement is part of the company's efforts to increase liquidity for financing entities, expand financing options, and develop the secondary market for mortgage financing, in line with Saudi Arabia's Vision 2030 and the Housing Program. Officials emphasize that this cooperation reflects the strength of the partnership between the two parties and its role in supporting the growth of the residential financing sector and developing sustainable financing solutions.
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