Speaking in Virginia, Minister of Municipalities and Housing Majed bin Abdullah Al-Hogail told the Ginnie Mae Global Investor Summit on Affordable Housing Finance 2026 that the Saudi Real Estate Refinance Company aims to refinance more than 40 billion dollars of home loans by 2030. He also invited investors to take part in Saudi fixed income instruments and real estate securities, the Saudi Press Agency reported on Thursday, 12 November 2026.
He set out the size of the market today. Real estate finance in the Kingdom stands at about 260 billion dollars, while refinancing deals total around 18.7 billion dollars. The company's international sukuk programme, listed on the London Stock Exchange, has passed 7.2 billion dollars in issuance, and its first 2 billion dollar deal drew more than 300 investment institutions.
On home ownership, the minister said the share of Saudi families owning their homes rose from about 47% in 2016 to more than 66% at the end of 2025, with a target of 70% by 2030. Close to one million families, about a quarter of Saudi households, have benefited from housing support programmes.
Al-Hogail noted that higher global borrowing costs have weighed on what families can afford, which calls for new ways to structure finance, more sources of liquidity and a wider investor base. He described a housing finance system built on five pillars: government guarantees, loan guarantees, securitisation, finance services and unified data, under the supervision of the Saudi Central Bank and the Capital Market Authority.
Source: Saudi Press Agency, Ajel, Ministry of Municipalities and Housing
