The General Organization for Social Insurance (GOSI) signed an arrangement with Saudi Real Estate Refinance Co. (SRC), owned by owned by the Public Investment Fund (PIF), to offer part of the property funding portfolio in Masaken program to SRC for SAR 2 billion
In a declaration, GOSI stated the arrangement is an extension of 2 previous offers, bringing the overall worth of the refinancing arrangements in between the 2 celebrations to SAR 5 billion
The company validated that the offer shows strength, versatility, and beauty of its financial investments, including that the relocation enters line with its dedication to deal with the economic sector to boost the services offered to recipients in all cities throughout the Kingdom.
The arrangement will likewise assist Masaken program attain its objectives and increase market liquidity, in addition to supplying low-priced realty funding for people. This is among the ingenious funding services to guarantee a boost in own a home, in line with Vision2030
The cumulative variety of real estate agreements till the very first half of 2021 totaled up to more than 12,500, with a funding worth of almost SAR 9 billion, GOSI kept in mind.