RIYADH: The Saudi Real Estate Refinance Co., a subsidiary of the Public Investment Fund, has launched the Kingdom’s first residential mortgage-backed securities.
The new asset class is designed to boost liquidity in the housing finance sector and broaden investment opportunities by packaging residential mortgage loans into tradeable securities.
“The launch of the Kingdom’s first RMBS transaction marks a strategic step toward developing Saudi Arabia’s real estate finance market and enhancing its appeal to both domestic and foreign investors,” said Majid Al-Hogail, minister of municipalities and housing and chairman of SRC’s board.
“This initiative provides innovative financing instruments that align with the objectives of Saudi Vision 2030 to raise homeownership rates and enable more Saudi families to own suitable homes, advancing sustainable economic growth and quality of life,” he added.
Executed under a strong regulatory framework, the transaction highlights the Kingdom’s readiness to adopt sophisticated financial instruments, further reinforcing investor confidence.
