Riyadh, September (پاکستان پوائنٹ نیوز 29 سبتمبر 2025ء) The SRC stated that the issuance attracted strong demand from global investors, with the order book oversubscribed by 5.5 times, reflecting supply and demand for Saudi debt instruments and confirming the company's position as a regular and reliable issuer in international markets.
This issuance is part of the company's $5 billion international sukuk program, listed on the London Stock Exchange's International Securities Market (ISM), following the company’s successful pricing of its first $2 billion issuance in February.
Minister of Municipalities and Housing and Chairman of the board of the SRC Majid Al-Hogail said that the success of this second international issuance reflects confidence in the strength of the Saudi economy and confirms the company’s role in enhancing liquidity in the mortgage market and expanding the investor base.
CEO of the SRC Majeed Al-Abduljabbar said that the completion of the second international sukuk pricing under the program reflects the attractiveness of Saudi debt instruments to global investors, expands the investor base, and supports the development of the secondary mortgage finance market in the Kingdom.
The issuance received credit ratings from international rating agencies Moody’s and Fitch, enhancing the company's position as one of the enablers of the housing sector in the Kingdom.
The SRC was established by the Public Investment Fund in 2017 to develop the Kingdom's mortgage finance market after obtaining a license from the Saudi Central Bank (SAMA). The company plays a role in achieving the objectives of the Housing Program under Saudi Vision 2030 by providing liquidity to lenders, enabling them to offer affordable housing finance to individuals, and working with partners to support the housing ecosystem in the Kingdom.
