SRC refinancing assets hit $5.3bn amid Alinma Bank portfolio acquisition 

RIYADH: The Saudi Real Estate Refinance Co., wholly owned by the Public Investment Fund, is seeing its assets hitting SR20 billion ($5.3bn) after it completed a deal with Alinma Bank to acquire one of its real estate financing portfolios.

SRC has acquired in excess of SR20 billion in refinancing assets, through partnerships with major banks and mortgage providers in the Kingdom, a statement showed.