توقعان مذكرة تفاهم لتطوير أسواق التوريق في المملكة

The Saudi Real Estate Refinance Company (SRC) – one of the Public Investment Fund (PIF) companies – signed today a Memorandum of Understanding (MoU) with Hassana Investment Company (Hassana), the investment manager of the General Organization for Social Insurance (GOSI). The MoU supports the continued achievement of the goals of the Housing Program and the Financial Sector Development Program in the Kingdom of Saudi Arabia, in alignment with Vision 2030, and was signed in the presence of His Excellency Majed bin Abdullah Al-Hogail, Minister of Municipalities and Housing, and His Excellency Mohammed bin Abdullah Al-Jadaan, Minister of Finance.

The MoU aims to deepen and expand Saudi capital markets, and to enhance liquidity in the mortgage finance sector through the introduction of an innovative asset class—the first of its kind in the region—by issuing residential mortgage-backed securities (RMBS). The initiative seeks to attract a diverse base of local and global investors into the secondary real estate market and broaden investment opportunities within the sector.

Hassana’s participation strengthens the ability of investment institutions to align efforts in creating sustainable economic channels. As a key investor in the mortgage-backed securities issued by SRC, Hassana plays a leading role in advancing sustainability within the mortgage finance ecosystem.

Majed Al-Abduljabbar, CEO of SRC, stated that the partnership with Hassana represents a milestone in supporting the evolution of the mortgage finance landscape and advancing the development of capital markets in the Kingdom. “Together, we aim to provide innovative financial solutions that create value for both investors and citizens, in line with the goals of Vision 2030,” he said.

Saad Alfadly, CEO of Hassana Investment Company, noted that this collaboration sets a new benchmark for partnerships, enabling the creation of scalable financial solutions that contribute to the Kingdom’s economic development goals. He added that this partnership supports Hassana’s strategy of diversifying its investment portfolio through strategic alliances with promising partners such as SRC.

It is worth noting that the Saudi Real Estate Refinance Company was established by the Public Investment Fund in 2017 to develop the mortgage finance market in the Kingdom, after receiving a license from the Saudi Central Bank. SRC plays a key role in achieving the objectives of the Housing Program—part of Vision 2030—which aims to increase homeownership among Saudi citizens by providing liquidity to lenders, enabling them to offer affordable housing finance to individuals, and working closely with partners to support the Kingdom’s housing ecosystem.

Hassana Investment Company focuses on generating sustainable financial returns through strategic investments across a diverse range of sectors, reflecting its commitment to securing a financially stable future for future Saudi generations.

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