Saudi Real Estate Refinance Company Buys Large Mortgage Portfolio from Saudi PPA
Posted on 07/19/2020
The Saudi Real Estate Refinance Company (SRC) acquired a mortgage portfolio worth more than 3 billion Saudi riyals (US$ 799 million) from Saudi Arabia’s Public Pension Agency (PPA). The deal represents a large portion of the Masakin Programme, an initiative by the PPA that provides fixed-rate Murabaha home loans to employees and pensioners from the […]
