Press Release

The Saudi Real Estate Refinance Company (SRC), wholly owned by the Public Investment Fund (PIF), in cooperation with the Real Estate Development Fund (REDF), launched an awareness campaign to for the long-term fixed rate (LTFR) real estate financing product, one of the solutions the Company offers through its network of real estate financing partners.

The product, launched by the Company in 2018, is considered an affordable housing finance option that provides access to long-term real estate financing with guaranteed fixed monthly installments, which grants beneficiaries the ability to predict costs and limit the impact of price fluctuations. A large segment of citizens have benefited from the product, estimated at xxxx, with a total sum exceeding SAR xxxx, reflecting the competitive attractiveness of the product.

The campaign aligns with SRC's efforts to increase the number of citizens owning homes as part of Saudi Arabia’s Vision 2030, aiming to expand the prospects of the housing finance market and offering wider options and products that suit the Saudi market, while providing liquidity.