RIYADH: The Saudi Real Estate Refinance Co., or SRC, a Public Investment Fund company, has signed an agreement to acquire a residential mortgage portfolio from Banque Saudi Fransi, known as BSF, marking the third such portfolio purchase between the two companies. The agreement, signed under the patronage of Minister of Municipalities and Housing and SRC Chairman Majid bin Abdullah Al-Hogail, aims to improve the efficiency and sustainability of Saudi Arabia’s mortgage market. BSF Chairman Mazin

Source: Arab News