Omnia MarketsFinance · Saudi Arabia
BSF mortgage portfolio sale marks third SRC deal.
Saudi Real Estate Refinance Company buys another BSF mortgage portfolio under housing-ministry sponsorship.
The Saudi Press Agency reported in Arabic on 5 October 2026 that the Saudi Real Estate Refinance Company (SRC), a Public Investment Fund firm, signed a deal for a residential mortgage book held by Banque Saudi Fransi (BSF). SPA called it the third such purchase between the two sides. Municipalities and Housing Minister Majed bin Abdullah Al-Hogail, who chairs SRC, sponsored the signing. BSF chairman Mazen bin Abdulrazzaq Al-Rumaih attended.
SPA said the pact extends SRC, BSF work on the residential loan market by giving lenders liquidity so they can keep offering home finance, and by growing the secondary mortgage market as part of national housing targets. SRC chief executive Majeed bin Fahad Al-Abduljabbar said the deal shows a solid strategic partnership and a shared push to grow the residential finance system. BSF chief executive Badr bin Hamad Al-Salloum said the bank will keep widening finance options for clients.
SPA recalled that SRC was set up in 2017 by the PIF, holds a Saudi Central Bank licence for mortgage refinance, and aims to supply liquidity to originators and lift Saudi household home ownership. The agency did not publish the portfolio’s size, price, coupon mix or remaining term.
From the JournalRiyadh vs Jeddah: where to live, and what changes by neighbourhood.Our take
Omnia Desk
Secondary loan sales refill originators; freehold maps still set what you can hold.
A third SRC purchase of a BSF mortgage portfolio is plumbing for the home-loan market, not a rewrite of title. When refinance capital recycles originator books, banks can keep writing new mortgages. That can ease availability and pricing pressure for Saudi buyers who need leverage. It does not redraw freehold zones or ownership rules for international buyers.
Cash buyers and foreigners who cannot use local mortgages feel this only indirectly, through how fast local demand clears stock. Our catalogue still shows off-plan Wafi homes from SAR 266,799 and completed stock from SAR 579,000, including bands such as Al Majdiah 174 from SAR 959,000. Check lender capacity and rate sheets if you need finance; check freehold maps if you do not. The GCC Property Wealth Report 2026 already flags the ownership opening as a separate track from mortgage plumbing.
Sources
About Omnia Markets- 1Saudi Press Agency (Arabic) · 7 November 2026اقتصادي / "السعودية لإعادة التمويل العقاري src" و"البنك السعودي الفرنسي bsf" يوقعان ثالث اتفاقية لشراء محفظة تمويل عقاري(opens in a new tab)
From across Omnia
More on Saudi Arabia, from Omnia.
Report
GCC Property Wealth Report 2026
Across a record year for Gulf wealth, the property map is being redrawn. Where value compounded in 2025, what the new Saudi opening changes, and where enduring return now sits across the six GCC markets.
Guide
Plot, built-up and internal area: reading a Saudi home plan.
Compare plot, gross floor, built-up and internal area using ROSHN Group and Mohammed Al Habib examples, including a worked price-per-metre calculation.
Journal
Moving to Riyadh with a family: schools, neighbourhoods and the first home.
A school’s campus and curriculum can narrow the housing search more effectively than a list of the city’s most popular districts. Here is how the choices connect.
Report
Mohammed Al Habib residential portfolio atlas, 2026.
A source review of ten Mohammed Al Habib projects, with original capacity analysis, home-format comparisons and alternatives from the wider Riyadh and Jeddah market.
From the Omnia catalogue
From the Saudi Arabia catalogue
Featured residenceOmnia
Al Majdiah 174
Saudi Arabia · Riyadh · Al Nada
- From
- From SAR 959,000
- Stage
- Off-plan
The Omnia Markets briefing
The markets, with our take, by email.
The stories that move these markets, and what they mean for a buyer, as they break.
