Al-Hogail says real estate financing makes up 27% of Saudi banks’ portfolios

09:46 AM (Mecca time) Argaam
Housing Minister Majed Al-Hogail says real estate financing accounts for 27% of total loan portfolios of Saudi banks

Housing Minister Majed Al-Hogail says real estate financing accounts for 27% of total loan portfolios of Saudi banks

Minister of Municipalities and Housing Majed Al-Hogail said real estate financing currently accounts for 27% of the total loan portfolios of Saudi banks.

 

Speaking at the Qatar Real Estate Forum, Al-Hogail said real estate financing has become a key pillar for the success and sustainability of real estate development.

 

He added that the Saudi Real Estate Refinance Co. (SRC) issued bonds in the London Stock Exchange to help integrate local and international financing markets.

 

According to Argaam data, real estate loans granted by Saudi commercial banks to individuals and corporates rose 15% year-on-year to SAR 932.8 billion by the end of Q2 2025, from SAR 814.6 billion in Q2 2024.

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