Saudi Real Estate Refinance Company (SRC), which is wholly owned by Saudi Arabia’s Public Investment Fund (PIF), signed a housing-finance portfolio purchase with Banque Saudi Fransi (BSF) on 26 September 2021. Arab News described it as the second such purchase between the companies. The report did not disclose the portfolio’s value, the number of loans, or detailed transaction terms.
What SRC and Banque Saudi Fransi announced
Arab News reported on 26 September 2021 that SRC had signed its second housing-finance portfolio purchase with BSF. SRC said it expected the acquisition to provide long-term liquidity to Saudi Arabia’s housing market. That was the company’s stated expectation; the report did not provide evidence measuring the transaction’s eventual impact. Arab News’ account also quoted SRC chief executive Fabrice Susini describing the company’s role in developing the housing market and supporting originators through liquidity and risk-management solutions. His remarks, like BSF chief executive Rayan Fayez’s comments about Vision 2030, are statements by transaction participants rather than independent assessments of the deal’s results.
As an Amazon Associate I earn from qualifying purchases.
What the report does—and does not—disclose
The announcement establishes the counterparty, date, and general transaction type, but not its financial or loan-level details. Arab News did not state the portfolio’s value, number of mortgages, borrower characteristics, purchase price, or closing conditions. There is therefore no basis in the report for estimating the scale or terms of this BSF transaction.
Quick wins for a faster PC:
Repair Windows errors before they cause bigger problemsFix Now →Scan for outdated or missing drivers - takes under a minuteDriver Scan →A separate SRC agreement announced in 2025 involved a SAR 3.4 billion portfolio acquisition from Saudi National Bank; that figure belongs to that later transaction, not the BSF purchase. SRC’s announcement of the SNB agreement should not be used to fill in the undisclosed value of the 2021 deal.
#1 Best Overall
Why SRC buys mortgage portfolios
SRC was established by PIF in 2017 to develop Saudi Arabia’s secondary mortgage market and support liquidity in housing finance. PIF’s launch announcement sets out that original mandate. In broad terms, when a refinancing company purchases or refinances mortgage portfolios from banks and finance companies, it can provide those originators with liquidity or capital capacity to continue lending.
SRC’s current company profile describes providing liquidity or capital relief to mortgage originators and aggregating home-financing portfolios for mortgage-backed securities. That later description explains the wider market function, but it does not establish that the 2021 BSF portfolio was securitized or quantify any effect the purchase had on lending.
Rank #2
How the 2021 deal fits SRC’s relationship with BSF
The 2021 report called the agreement the second housing-finance portfolio purchase between SRC and BSF. An earlier SRC announcement in 2018 described an agreement involving acquisition of part of BSF’s mortgage portfolio and SRC funding for longer-term fixed-rate mortgages. The 2018 announcement and the 2021 report show that the companies had worked together before, but do not provide a complete record of every arrangement or establish a precise count beyond the wording used in the 2021 report.
Quick Recap
Best Value
Rank #4
- PERFECT FOR RECORD KEEPING: The 2 Pack account ledger books are versatile and can be used to track finances, budgets, expenses, and other business or personal records. They are perfect for individuals, or small business owners who need a reliable and efficient way to keep track of their finances. With 100 pages, customers can record transactions over an extended period, making it a handy tool for bill planner, weekly budget planner, monthly budget planner.
- COMPACT AND LIGHTWEIGHT: The Budget Planner is compact and lightweight with each book weighing 7 ounces and measuring 8.5 x 6.25 inch, making them easy to carry around. You can take the budget notebook in a bag or briefcase, making them ideal for on-the-go use. This feature ensures that you can access your records at any time, whether you are at work or on the move.
- PREMIUM QUALITY: Elegant style with the words ''Account Tracker'' embossed in fancy Gold Foils. Water-proof and scratch resistant hard cover. Coil ring binding is a practical design feature that enhances the functionality of the account ledger books. It allows pages to turn smoothly and easily, making it effortless to flip through the book while keeping pages in place. The ring binding also ensures that pages won't fall out, preventing the loss of vital information.
- DURABLE WATER-PROOF COVER WITH GOLD FOIL LETTERS: The words ''Account Tracker'' embossed in shiny Gold Foil letters gives it a professional and fancy look that can fit in any setting. Additionally, the durable cover is scratch resistant, It provides a durable layer of protection that can withstand daily wear and tear, making it suitable for long-term use.
Rank #3
- Enough forms for 1 year for churches of approximately 150 members
- 5 3/16" x 9"
- Includes forms for church receipts, member contributions, and disbursements
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
