Sat, Feb 28, 2015
A A A
Welcome preal121
RSS

Sovereign Wealth Funds Briefing - Categorized | Alternative Investments, Market

Saudi funds, IFC to help lift mortgage lending

Posted on 11 June 2009

From Gulfnews.com: The International Finance Corp (IFC) and three Saudi Arabian government funds will provide $400 million (Dh1.4 billion) in Islamic financing to help Saudi banks boost mortgage lending.

“Home financing in Saudi Arabia is a priority for the IFC,” Walid Al Murshed, Saudi country manager for the IFC, said in an interview yesterday. “Less than 10 per cent of total consumer financing goes to mortgages.”…….Full Article: Source


 Article link

This post was written by:

VRS - who has written 15806 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
February 2015
M T W T F S S
« Jan    
 1
2345678
9101112131415
16171819202122
232425262728