SRC gets SAMA’s nod to launch residential mortgage-backed securities

The Saudi Central Bank (SAMA) granted Saudi Real Estate Refinance Co. (SRC) a no-objection clearance to launch residential mortgage-backed securities (RMBS) in the domestic market, the bank said in a statement.

This program is designed to strengthen the sector's financing capacity by transforming residential real estate financing portfolios into securities. This will contribute to establishing a robust securitization issuance framework, reinforcing the domestic debt market, broadening the investor base, and diversifying funding sources.

In line with the objectives of Saudi Vision 2030, this step supports SAMA's mandate in fostering financial sector stability through its regulatory and supervisory role, the statement added.