SRC

The Saudi Real Estate Refinance Company (SRC) is a government-owned financial institution established in 2017 as part of Saudi Arabia's Vision 2030 housing program. Fully owned by the Public Investment Fund (PIF) and licensed by the Saudi Central Bank (SAMA), SRC is headquartered in Riyadh. Its primary mission is to increase homeownership rates among Saudi citizens by acting as an intermediary between the primary and secondary housing markets. SRC offers a variety of financial solutions to enhance the housing ecosystem. These include providing liquidity and capital relief to banks and real estate finance companies, long-term fixed-rate mortgage funding, and adjustable-rate mortgages.