The Saudi Central Bank (SAMA) has granted the Saudi Real Estate Refinance Company a no-objection clearance to launch residential mortgage-backed securities (RMBS) in the domestic market. The programme is intended to strengthen housing finance capacity by transforming residential real estate financing portfolios into securities, supporting the development of a securitisation issuance framework, reinforcing the domestic debt market, broadening the investor base and diversifying funding sources. The announcement links the measure to Saudi Vision 2030 and SAMA’s mandate to foster financial sector stability through regulation and supervision.
Saudi Arabian Monetary Authority 2025-08-21
The Saudi Central Bank grants Saudi Real Estate Refinance Company a no-objection to launch domestic residential mortgage-backed securities
The Saudi Central Bank has approved the Saudi Real Estate Refinance Company's launch of residential mortgage-backed securities in the domestic market. This initiative aims to enhance housing finance by converting real estate financing portfolios into securities, supporting securitisation framework development, and diversifying funding sources. The measure aligns with Saudi Vision 2030 and SAMA's mandate to ensure financial sector stability.