Saudi Real Estate Refinance Company Closes Massive $2.75 Billion Sukuk Deal

A Historic Financial Offering

The Saudi Real Estate Refinance Company just closed an absolutely massive financial deal. The PIF subsidiary priced its third international Sukuk issuance at $2.75 billion. The massive offering includes a $1.25 billion tranche with a 5.5-year tenor. It also features a $1.50 billion tranche carrying a 10-year tenor. Global investors oversubscribed the massive offering by an incredible 6.8 times.

Expanding the Global Program

SRC announced a massive increase to its International Sukuk Programme today.

• They doubled the total program capacity from $5 billion to $10 billion.
• The London Stock Exchange lists this highly lucrative financial program.
• The government of Saudi Arabia guarantees these debt instruments entirely.
• Fitch Ratings assigned the program a highly impressive A+ credit rating.

Funding Vision 2030 Housing

Minister Majed Al-Hogail praised the massive global confidence in the Saudi economy. CEO Majeed Fahad Alabduljabbar stated this broadens their massive international investor base. This massive cash injection actively increases Saudi homeownership rates. SRC provides vital liquidity to local financiers to support the housing ecosystem.

Watch how massive financial moves physically reshape the Saudi housing market. Get the real economic facts directly at Marhaba Saudi.