SRC to raise $810m additional sukuk to boost home mortgages: CEO

RIYADH: Saudi Real Estate Refinance Co. is raising SR3 billion ($810 million) additional sukuk to boost home mortgages in the Kingdom, according to a top official. 

In an exclusive with Arab News on the sidelines of the Euromoney Saudi Arabia Conference in Riyadh last week, Fabrice Susini, CEO of SRC, said that the sukuk transactions will be closed soon. 

“We expect to close the transaction (sukuk) either by the end of this week or the beginning of next week,” he told Arab News last week.