REFILE-Saudi Real Estate Refinance Co to obtain sovereign…

LONDON: The saudi real estate refinance Company (SRC) has signed an agreement with Bidaya Home Finance to purchase a portfolio and provide a mortgage refinancing facility totaling SR1 billion (.

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DUBAI – Saudi Real Estate Refinance Co (SRC), modelled on U.S. mortgage finance firm fannie Mae, said on Tuesday it will obtain from the Ministry of Finance sovereign guarantees on its planned issues of sukuk, or Islamic bonds. SRC, a subsidiary of Saudi Arabia’s sovereign Public Investment Fund.

On March 8, 2019, the last sale price of our common stock as reported on the NYSE was $16.69 per share. We intend to elect to qualify as a real estate investment trust, or REIT, for federal income tax.

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REFILE-Saudi Real Estate Refinance Co to obtain sovereign. The public investment fund (pif) has announced the establishment of the Saudi real estate refinance company (SRC), in line with Vision 2030 objectives to improve the performance of the real estate.

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Saudi Real Estate Refinance Co to obtain sovereign guarantees on sukuk 28/05/2019 Argaam Saudi Real Estate Refinance Company (SRC), wholly owned by the Public investment fund (PIF), on Tuesday, said that the Ministry of Finance will provide guarantee for its future sukuk issuances.

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