SAMA to launch $1.3bn real estate refinancing firm

Wed, 2013-03-20 18:05 — newsdesk

The Saudi Arabian Monetary Agency (Sama) has announced plans to launch a real estate refinancing company with SR5bn ($1.3bn) of capital to help develop the kingdom's mortgage market. The company will be launched through the government's Public Investment Fund (PIF) or its subsidiaries, said Sama governor, Fahad al-Mubara.

Source:

http://www.ameinfo.com/sama-launch-13bn-real-estate-refinancing-334088

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