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Majeed Al Abduljabbar Appointed as the CEO of Saudi Real Estate Refinance Company

PRIVATEOct 22, 2023

Position

Chief Executive Officer

Company

Saudi Real Estate Refinance Company

Majeed Al Abduljabbar
majeed.al-abduljabbar@srco.com.sa
RiyadhFinancial ServicesReal EstateReal Estate InvestmentMarketplaceLending

Description

Riyadh, Saudi Arabia: – The Board of Directors of the Saudi Real Estate Refinance Company , wholly owned by the PIF and headed by His Excellency the Minister of Municipal and Rural Affairs and Housing, Mr. Majed bin Abdullah Al-Hogail, announced today that Mr. Majeed Al Abduljabbar will assume the role of Chief Executive Officer, effective January 1, 2024 to succeed former CEO, Mr

Quick answer

Majeed Al Abduljabbar Appointed as the CEO of Saudi Real Estate Refinance Company (October 22, 2023). Saudi Real Estate Refinance Company is based in Riyadh, Riyadh Region, Saudi Arabia.

Who is the new Chief Executive Officer at Saudi Real Estate Refinance Company?
Saudi Real Estate Refinance Company named Majeed Al Abduljabbar Chief Executive Officer, announced October 22, 2023.
What did Saudi Real Estate Refinance Company announce on October 22, 2023?
Riyadh, Saudi Arabia: – The Board of Directors of the Saudi Real Estate Refinance Company , wholly owned by the PIF and headed by His Excellency the Minister of Municipal and Rural Affairs and Housing, Mr. Majed bin Abdullah Al-Hogail, announced today that Mr. Majeed Al Abduljabbar will assume the role of Chief Executive Officer, effective January 1, 2024 to succeed former CEO, Mr
What does Saudi Real Estate Refinance Company do?
Who we are: The Saudi Real Estate Refinance Company (SRC) was established in 2017 with the purpose of developing the housing finance market in the Kingdom of Saudi Arabia.
Where is Saudi Real Estate Refinance Company based?
Saudi Real Estate Refinance Company is based in Riyadh, Riyadh Region, Saudi Arabia.
Which similar companies made leadership changes around the same time?
Ares (November 9, 2023), REMAX Holdings (November 20, 2023), Cantor Fitzgerald (September 18, 2023) and Sedulo Funding Solutions (October 23, 2023) also announced leadership changes within 45 days of Saudi Real Estate Refinance Company.

Source: Fundz verified event record.

Other recent leadership changes in Financial Services and Real Estate

Executive moves at companies in the same sectors within 45 days, from Fundz verified event records.

Who to call at Saudi Real Estate Refinance Company, and when

A new leader at Saudi Real Estate Refinance Company brings new priorities and often new vendors. The first weeks are when they listen.

  • An alert the day Saudi Real Estate Refinance Company raises, hires an executive or expands, scored against what you sell
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Company Information

Company

Saudi Real Estate Refinance Company

Location

Riyadh, Riyadh Region, Saudi Arabia

About

Who we are: The Saudi Real Estate Refinance Company (SRC) was established in 2017 with the purpose of developing the housing finance market in the Kingdom of Saudi Arabia. Owned by the Public Investment Fund and licenced to operate in the secondary real estate market by the Saudi Arabian Monetary Authority, SRC plays an important role in delivering the Vision 2030 housing sector goal of increasing the number of citizens owning their own homes to 60% by 2020. With a world-class management team following international best practice, SRC is uniquely positioned to become the partner of choice for lenders helping them finance the primary mortgage market that is forecast to grow from SAR290 Bn to SAR500 Bn by 2020 and to SAR800 Bn over the next 10 years. What we do: While SRC does not offer home loans direct to home buyers, it does provide funding to lenders (banks and finance companies) to enable them to offer more accessible housing finance solutions. By offering lenders funding in the form of short or long-term loans or portfolio acquisitions, SRC provides the necessary liquidity and capital to facilitate the housing mortgage market’s development. After aggregating and packaging portfolios of loans into mortgage backed securities, SRC sells them to investors and reinvests the funds into future loans to lenders. This facilitates housing market growth and enables more Saudis to own their own homes.

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Saudi Real Estate Refinance Company changed its leadership. Fundz had it the day it was filed, with the decision-maker at the company attached.

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