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الاقتصادية
Saudi Arabia issues its first mortgage-backed securities
The Saudi Real Estate Refinance Company (SRC), one of the Public Investment Fund’s companies, has launched the second issuance of residential mortgage-backed securities (RMBS). This move aims to develop the securitization market in Saudi Arabia and enhance the secondary mortgage market. This issuance represents the first real estate asset class in the local market to receive publicly announced credit ratings from Moody’s and Fitch. The portfolio value totaled approximately 420 million SAR, receiving a rating of Aaa.sa from Moody’s and AAAsf(sau) from Fitch, with a stable outlook. This development contributes to expanding the base of institutional investors, increasing long-term liquidity, and supporting the development of financing tools, in line with Saudi Arabia’s Vision 2030 to strengthen the financing ecosystem and meet the growing housing demands.
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