The Saudi Real Estate Refinance Company (SRC) was established in 2017 with the purpose of developing the housing finance market in the Kingdom of Saudi Arabia (‘KSA’) by enabling the originators to offer long term and short term financing solutions to home buyers.
SRC plays an important role in the housing sector as the National Transformation Plan 2020 and Vision 2030 as Saudi Arabia seeks to increase the number of citizens owning their own homes from 47% to 52% by 2020.