Under the Patronage of the Minister of Municipal and Rural Affairs and Housing: Agreement to Establish an Advanced Mortgage Finance Platform

EQS-News: LCM Partners / Key word(s): Contract/Joint Venture Under the Patronage of the Minister of Municipal and Rural Affairs and Housing: Agreement to Establish an Advanced Mortgage Finance Platform 18.11.2025 / 00:40 CET/CEST The issuer is solely responsible for the content of this announcement. 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 Partners is one of Europe's leading private credit investment firms and a member of Brookfield. Through LCM's affiliate, BCM Global, it will deliver independent mortgage servicing to create a partnership which aims to establish a world-class, multi-purpose platform for asset and servicing management in the Kingdom of Saudi Arabia.

The agreement was signed by Eng. Loaye Al-Nahedh, CEO of REDF; Mr. Majid bin Fahd Al-Abduljabbar, CEO of SRC; and Mr. Paul Burdell, CEO of LCM Partners.

This partnership comes within the framework of strengthening the Saudi housing-finance ecosystem by developing advanced, data-driven operational solutions and implementing a global model for asset and financial-operations management. It further supports the objectives of Saudi Vision 2030 and the Housing Program to enable Saudi families to own suitable homes and ensure the sustainability of the housing finance sector.

Under this strategic initiative, LCM Partners will become a shareholder in the National Support Company for Finance Services through the issuance of new shares. 

His Excellency Mr. Majed bin Abdullah Al-Hogail, affirmed:  "This partnership represents a new phase in the development of the housing-finance ecosystem and reflects effective integration between the public and private sectors. He noted that it highlights the attractiveness of the Saudi market to international investors and confirms confidence in the strength and resilience of the Saudi economy."