The Saudi Real Estate Refinance Company (SRC) was established in 2017 with the purpose of developing the housing finance market in the Kingdom of Saudi Arabia. Owned by the Public Investment Fund and licenced to operate in the secondary real estate market by the Saudi Arabian Monetary Authority, SRC plays an important role in delivering the Vision 2030 housing sector goal of increasing the number of citizens owning their own homes to 60% by 2020.

With a world-class management team following international best practice, SRC is uniquely positioned to become the partner of choice for lenders helping them finance the primary mortgage market that is forecast to grow from SAR290 Bn to SAR500 Bn by 2020 and to SAR800 Bn over the next 10 years.