SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Bidaya Finance signs SAR 335.3 million real estate financing portfolio deal with SRC

#International News#Commercial#Saudi Arabia
Last Updated : 6th Jul, 2026
share-icon Share
font-size icon Font size
ABC Small ABCMedium ABCLarge
Save
print Print
comment Comment
Synopsis

Bidaya Finance has signed a real estate financing portfolio purchase agreement with the Saudi Real Estate Refinance Company (SRC) in a deal valued at SAR 335.3 million. The company expects the transaction to positively impact its financial results for the second quarter of 2026. Funds generated from the sale will be used to support Bidaya Finance's business operations and future lending activities. The agreement reflects the company's ongoing efforts to strengthen liquidity while supporting the growth of Saudi Arabia's housing finance market.

Story Image

Representative image

Bidaya Finance has entered into a real estate financing portfolio purchase agreement with the Saudi Real Estate Refinance Company (SRC) in a transaction valued at SAR 335.3 million. The agreement forms part of the company's efforts to strengthen its funding position and support the expansion of its financing operations. 
The company stated that the transaction is expected to have a positive financial impact on its financial statements for the second quarter of 2026. It also said the proceeds from the portfolio sale will be used to fund its business activities and support future growth. 
SRC, a subsidiary of Saudi Arabia's Public Investment Fund (PIF), was established to develop the country's housing finance market by providing liquidity to lenders through the purchase and refinancing of mortgage portfolios. The company has signed similar agreements with banks and finance companies in recent years as part of Saudi Arabia's Vision 2030 objective of increasing home ownership and strengthening the residential mortgage market. 
Portfolio purchase agreements such as this allow finance companies to free up capital by transferring existing financing assets, enabling them to issue new financing while improving liquidity and balance sheet efficiency. 
Source Reuters
Next (Maharashtra to expand CCTV surveillance and police patrolling on Mumbai suburban railway)

Discussion

Have something to say? Post your comment

Post Comment

Quick Links

Asset Class

Location

Other News
post_image
Mumbai emerges as top data centre hub in Asia-Pacific region

5th Jun, 2025

post_image
Reliance Industries acquires the Mandarin Oriental Hotel in New York

25th May, 2023

post_image
U.S. housing market sees significant decline in home listings amidst reluctant sellers and high mortgage rates

11th May, 2023

post_image
US single-family housing construction on the rise: positive signs for a struggling market

27th Apr, 2023