
Minister of Municipalities and Housing Attends SRC’s First International Sukuk Listing on the London Stock Exchange
London – 22 February 2025: H.E. Majed bin Abdullah Al-Hogail, Minister of Municipalities and Housing and Chairman of the Saudi Real Estate Refinance Company (SRC), today marked a major milestone with the listing of SRC’s first international sukuk program — raising $2bn of capital on the London Stock Exchange’s International Securities Market (LSE). This achievement strengthens Saudi Arabia’s presence in global financial markets.
The listing ceremony was attended by H.R.H. Prince Khalid bin Bandar bin Sultan Al Saud, Ambassador of the Kingdom of Saudi Arabia to the United Kingdom, and The Rt. Hon. Alastair King, Lord Mayor of the City of London, alongside senior figures from the financial and investment sectors.
The sukuk issuance plays a key role in advancing Saudi Arabia’s housing finance sector by increasing liquidity and attracting foreign direct investment (FDI). It aligns with the objectives of Saudi Vision 2030, supporting key initiatives such as the Financial Sector Development Program, the Public Investment Fund (PIF) Program, and the Housing Program, all of which aim to strengthen the housing sector and promote sustainable homeownership financing.