Name of borrower: Saudi Real Estate Refinance Company
Amount: SR3.5 billion
Tenor: Five and seven years.
Underwriters: HSBC, Aljazira Capital, Al Rajhi Capital, NCB Capital
Date: 16 November 2023
Saudi Real Estate Refinance Company is one of the most active sukuk issuers in the region and has issued SR16.5 billion ($4.4 billion) in government-guaranteed sukuk since launching its SR20 billion programme, guaranteed by the Saudi Arabian government’s ministry of finance, in early 2021.
Last year, it issued several transactions, including a SR3.5
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