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SRC launches mortgage-backed securities
The Saudi Real Estate Refinance Company (SRC), one of the Public Investment Fund (PIF) subsidiaries, has launched the second issuance of securities backed by residential real estate financings, aiming to develop the securitization market in the Kingdom and strengthen its credit infrastructure. This issuance follows the first one launched by the company in August 2025, and is backed by a portfolio of real estate loans totaling approximately 420 million SAR from six financing entities. The issuance received high credit ratings from Moody’s and Fitch (Aaa.sa and AAAsf respectively), which enhances investor confidence and helps expand the participation base in the local market. This development seeks to activate a sustainable secondary market for real estate financing, provide long-term financing tools for financing institutions, and support the objectives of Saudi Vision 2030 in housing and financial development.
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