{"id":83115,"date":"2024-01-04T00:00:00","date_gmt":"2024-01-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/04\/al-rajhi-bank-refinances-its-real-estate-portfolio-in-landmark-transaction-with-src\/"},"modified":"2024-01-04T00:00:00","modified_gmt":"2024-01-04T00:00:00","slug":"al-rajhi-bank-refinances-its-real-estate-portfolio-in-landmark-transaction-with-src","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/01\/04\/al-rajhi-bank-refinances-its-real-estate-portfolio-in-landmark-transaction-with-src\/","title":{"rendered":"Al Rajhi Bank refinances its real estate portfolio in landmark transaction with SRC"},"content":{"rendered":"

PIF-owned SRC extends real estate refinancing agreement with Al <\/strong>Rajh<\/strong>i Bank:<\/strong>Saudi Real<\/a>Estate Refinance (SRC)<\/a> \u2014 a wholly owned subsidiary of the PIF \u2014 has extended its real estate refinancing agreement with Al Rajhi Bank with an additional SAR 5.8 bn, it said in a statement on Linkedin<\/a> yesterday. This brings the total refinancing between the SRC and Al Rajhi Bank to SAR 10.8 bn, according to the statement.<\/p>\n

The pitch:<\/strong> The partnership between the SRC and Al Rajhi Bank comes under efforts to \u201cestablish a benchmark secondary housing finance market in the kingdom.\u201d It aims to make home finance more accessible and flexible to citizens to encourage homeownership by providing necessary liquidity and capital management to the SRC. <\/p>\n

One that beats last year\u2019s: <\/strong>In March, the SRC signed with Al Rajhi Bank a portfolio purchase agreement<\/a> to refinance over SAR 5 bn in real estate financing portfolio in what was the largest of its kind in the banking industry at the time.<\/p>\n","protected":false},"excerpt":{"rendered":"

This brings the total refinancing between the SRC and the lender to SAR 10.8 bn<\/p>\n","protected":false},"author":1,"featured_media":83116,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2574],"tags":[71,19,10,106,452],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-83115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-al-rajhi-bank","tag-banking","tag-enterpriseam-ksa","tag-real-estate","tag-saudi-real-estate-refinance","wpautop","entry"],"acf":{"mongo_id":"52ef2588-cd7b-46bf-b6fb-35e45134748d","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/269.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Al Rajhi Bank refinances its real estate portfolio in SAR 5.8 bn transaction with SRC","related_issue":[83104],"teaser":"This brings the total refinancing between the SRC and the lender to SAR 10.8 bn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.bacbb12f-36a0-46ec-b41b-59b84df0c795.mp3"},"yoast_head":"\nAl Rajhi Bank refinances its real estate portfolio in landmark transaction with SRC - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/04\/al-rajhi-bank-refinances-its-real-estate-portfolio-in-landmark-transaction-with-src\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Al Rajhi Bank refinances its real estate portfolio in landmark transaction with SRC\" \/>\n<meta property=\"og:description\" content=\"This brings the total refinancing between the SRC and the lender to SAR 10.8 bn\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/04\/al-rajhi-bank-refinances-its-real-estate-portfolio-in-landmark-transaction-with-src\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-04T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/269.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/04\/al-rajhi-bank-refinances-its-real-estate-portfolio-in-landmark-transaction-with-src\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/04\/al-rajhi-bank-refinances-its-real-estate-portfolio-in-landmark-transaction-with-src\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Al Rajhi Bank refinances its real estate portfolio in landmark transaction with SRC\",\"datePublished\":\"2024-01-04T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/04\/al-rajhi-bank-refinances-its-real-estate-portfolio-in-landmark-transaction-with-src\/\"},\"wordCount\":174,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/04\/al-rajhi-bank-refinances-its-real-estate-portfolio-in-landmark-transaction-with-src\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/269.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Al Rajhi Bank\",\"BANKING\",\"EnterpriseAM KSA\",\"Real Estate\",\"Saudi Real Estate Refinance\"],\"articleSection\":[\"REAL ESTATE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/04\/al-rajhi-bank-refinances-its-real-estate-portfolio-in-landmark-transaction-with-src\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/01\/04\/al-rajhi-bank-refinances-its-real-estate-portfolio-in-landmark-transaction-with-src\/\",\"name\":\"Al Rajhi Bank refinances its real estate portfolio in landmark transaction with SRC - 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