Advanced Mortgage Finance Platform to Be Established in Saudi Arabia

On November 17, 2025, a partnership was announced under the auspices of His Excellency Mr. Majed bin Abdullah Al-Hogail, Saudi Arabia's Minister of Municipal and Rural Affairs and Housing. The Real Estate Development Fund (REDF), the Saudi Real Estate Refinance Company (SRC), and LCM Partners signed an agreement to create an advanced mortgage finance platform in Saudi Arabia. The initiative aims to enhance the housing-finance sector, in line with Saudi Vision 2030 and the Housing Program, by providing data-driven operational solutions.

LCM Partners, a European private credit investment firm, will offer independent mortgage servicing through its affiliate, BCM Global. This strategic alliance will see LCM Partners become a shareholder in the National Support Company for Finance Services via new shares issuance. Leaders from REDF, SRC, and LCM emphasized the partnership's potential to improve asset management and financing services, while highlighting the attractiveness of the Saudi market for international investors. Bruce Flatt of Brookfield Asset Management praised the initiative's alignment with regional investment goals.