The Saudi Real Estate Refinance Company (SRC), a mortgage financier backed by the kingdom’s Public Investment Fund, reached a refinancing deal worth 1 billion Saudi riyals ($266.6 million) with Saudi National Bank (SNB) as it seeks to boost the home finance market in the Arab world’s biggest economy.
This is considered to be the largest bank refinancing deal in the kingdom to date, the SRC said in a statement on Sunday.
The agreement aims…
