US EditionUnder the Patronage of the Minister of Municipal and Rural Affairs and Housing: Agreement to Establish an Advanced Mortgage Finance Platform
The partnership aims to digitalize Saudi housing finance and support Vision 2030 by enabling more homeownership with advanced, data-driven mortgage services.
- Under the patronage of His Excellency Mr. Majed bin Abdullah Al‑Hogail, the Real Estate Development Fund, Saudi Real Estate Refinance Company and LCM Partners formalized a platform agreement signed by their CEOs.
- Framed by Saudi Vision 2030, the deal intends to strengthen the Saudi housing‑finance ecosystem with data‑driven solutions and support the Housing Program to expand homeownership, officials said.
- Operationally, the partnership combines servicing from BCM Global with equity participation from LCM Partners, whose CEOs Eng. Loaye Al‑Nahedh, Mr. Majid bin Fahd Al‑Abduljabbar, and Mr. Paul Burdell signed the agreement.
- Strengthening financing products, Saudi Real Estate Refinance Company and Real Estate Development Fund expect to improve asset management efficiency, enhance service quality, and expand homeownership options for beneficiaries of housing finance.
- Officials said the agreement underscores international investor confidence in the Saudi market, as Brookfield Asset Management Ltd. manages over $1 trillion of assets, linking the platform to global investment commitments.
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Under the Patronage of the Minister of Municipal and Rural Affairs and Housing: Agreement to Establish an Advanced Mortgage Finance Platform - Brookfield Asset Mgmt (NYSE:BAM)
A partnership including: REDF, SRC LCM Partners LONDON, Nov. 17, 2025 /PRNewswire/ -- Under the patronage and presence of His Excellency Mr. Majed bin Abdullah Al-Hogail, Minister of Municipal and Rural Affairs and Housing and Chairman of the Board of the Real Estate Development Fund, the Real Estate Development Fund (REDF) and the Saudi Real Estate Refinance Company (SRC), announced the signing of a tripartite partnership with LCM Partners. LCM…
Mutuactivos has hired Azzam to manage the real estate services of Mutuafondo Premium Housing, destined to purchase housing of over 65 years of age.
The investment arm of Mutua Madrileña, Mutuactivos, has chosen Azzam Vivienda on Monday as the real estate manager of its first residential investment fund, as announced in a statement. Specifically, the company has explained that the entity with which they have signed a contract to provide services will be in charge of carrying out the necessary formalities and arrangements related to the vehicle Mutuafundo Vivienda Premium.This strategy, prese…
Mutua Madrileña has chosen Azzam Vivienda as real estate manager of its first residential investment fund launched through its subsidiary Mutuactivos. The insurance company has...
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