REFILE-Saudi Real Estate Refinance Co to obtain sovereign…

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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.

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BorsodChem snubbed the first overture from Ding and Wanhua Industrial, hoping instead to refinance its debt with 60-odd lenders. the 1980s as state investment enterprises started buying real estate.

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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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. The credit support agreement was signed between Mohammed Al-Jadaan, Minister of Finance and Majid Al-Hogail, the Housing Minister, who is also the chairman of SRC.

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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.

* Saudi Real Estate Refinance Co to obtain sovereign guarantees on sukuk * Saudi’s CMA Imposes 20,000 Riyals Fine On Saudi Real Estate * Saudi Investment Bank Completes Purchase Of Mizuho Bank.