Saudi Real Estate Refinance Company (SRC), a Public Investment Fund (PIF) company, has signed a residential real estate finance portfolio purchase agreement with Saudi Awwal Bank (SAB) in Riyadh on February 11, 2026. The signing ceremony was attended by the Minister of Municipalities and Housing and SRC Board Chairman Majed Al-Hogail, marking a significant milestone in the Kingdom’s housing sector development.
The agreement forms part of SRC’s ongoing efforts to support the housing ecosystem in the Kingdom and enhance the sustainability of residential real estate finance market by providing liquidity to financiers and enabling them to expand their offering to Saudi families seeking homeownership.
Strengthening Market Liquidity and Efficiency
The acquisition is expected to improve market efficiency by offering banks and finance companies more flexible funding options, helping families access suitable home financing. This initiative highlights the strategic role of Saudi Real Estate Refinance in developing the secondary real estate finance market in the Kingdom.
The transaction provides flexible liquidity and risk management solutions that support financing sustainability and expand access to homeownership across different regions of Saudi Arabia, contributing to the Housing Program objectives under Saudi Vision 2030.
Leadership Perspectives on the Partnership
“This acquisition from SAB represents a new step in SRC’s ongoing work to support liquidity and sustain financing in the residential real estate market. We are committed to creating a supportive funding environment that enables financiers to continue offering financing products that meet the needs of Saudi families, thereby simplifying the path to homeownership in line with the Housing Program and Saudi Vision 2030.”
Majeed bin Fahad Al-Abduljabbar, CEO of the Saudi Real Estate Refinance Company
“We are pleased to collaborate with SRC on this transaction, which strengthens our capacity to expand real estate offerings and deliver more accessible financing solutions to our customers. We believe this partnership contributes to sustained growth in the housing sector and supports the increase of homeownership among citizens.”
Bandar Al-Gheshayan, Chief Wealth & Personal Banking Officer at SAB
About Saudi Real Estate Refinance Company
The Saudi Real Estate Refinance Company was established by the Public Investment Fund in 2017 to develop Saudi Arabia’s real estate finance market. Operating under a license from the Saudi Central Bank (SAMA) in the real estate refinancing sector, SRC plays a key role in achieving the objectives of the Housing Program under Saudi Vision 2030.
The company aims to increase homeownership rates among Saudi citizens by providing liquidity to financiers, enabling them to offer affordable housing finance to individuals. SRC works closely with partners to strengthen Saudi Arabia’s housing ecosystem and ensure sustainable growth in the residential real estate sector.
Impact on Saudi Arabia’s Housing Sector
This partnership between SRC and Saudi Awwal Bank demonstrates the continued commitment to expanding access to homeownership for Saudi families. By providing banks with enhanced liquidity options, the agreement enables financial institutions to meet the growing demand for residential financing while maintaining market stability and supporting the Kingdom’s ambitious Vision 2030 goals for increased homeownership rates.
