About us

Established in 2017 as part of Saudi Arabia’s Vision 2030 agenda, the Saudi Real Estate Refinance Company (SRC) seeks to transform the local housing and raise home loan industry standards.

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About us

Fully owned by the Public investment fund (PIF) and licensed to operate by the Saudi Arabian Monetary Authority (SAMA), SRC aggregates, packages, and sells mortgages to domestic and international investors.

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About us

SRC partners with many financial institutions to enable them to offer more mortgages. SRC is part of Vision 2030’s efforts in the housing sector aiming to increase private home ownership to 60% by 2020 and 70% by 2030.

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About us

SRC provides funding for long-term fixed-rate (LTFR) mortgages that fix monthly homeowners payments providing both predictability and security. SRC also provides funding for adjustable rate mortgages where payments fluctuate based on changes in interest rates.

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Meet SRC

SRC’s mission is to act as an intermediary, by matching liquidity, capital, and risk management needs of originators (banks and finance companies), with risk appetite and return objectives of investors.

SRC also aims to foster the home loan industry standards of the Kingdom of Saudi Arabia.

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"SRC aims to foster the home loan industry standards of the Kingdom of Saudi Arabia."
Majed Al Hogail, Saudi Housing Minister

Our products

The SRC products offers funding to lenders, who are banks and finance companies, to enable them to offer accessible home loans for homebuyers.

SRC seeks to create an effective secondary market, where home loans and servicing rights are bought from lenders (the mortgage originators) and sold to investors.

OUR ROLE IN 2030 PROGRAM

  • Enable citizens to acquire affordable and suitable housing
  • Increase contribution of housing market to overall GDP
  • Grow % of Saudi families owning homes to 60% by 2020 and 70% by 2030
  • Reduce waiting period to obtain housing financing

Read about Saudi Vision 2030

Contact us

Our expert team of advisers are available to help you: call or write an e-mail.