Real estateUpdated Yesterday

Al-Hogail details housing-finance development and a 2030 refinancing target

At the Ginnie Mae summit, Minister of Municipalities and Housing Majed Al-Hogail described Saudi Arabia’s housing-finance sector as developing and said the Saudi Real Estate Refinance Company aims to refinance more than $40 billion by 2030, Saudi Gazette reports. The target is a future aim, not a completed result. The report also says financing, guarantee and servicing tools are being developed within a regulatory framework supervised by the Saudi Central Bank (SAMA) and the Capital Market Authority (CMA).

1 publisher1 report

Coverage started Yesterday