The Saudi Real Estate Refinance Company (SRC), a Public Investment Fund (PIF) Company, signed a  Memorandum of Understanding (MoU) today, Wednesday, in New York City with King Street Capital Management. The agreement aims to foster cooperation and strategic partnership between the two parties in the real estate finance sector, under the patronage and in the presence of His Excellency Majed bin Abdullah Al-Hogail, Minister of Municipalities and Housing and Chairman of SRC.

The MoU, signed by Majeed Fahd Al-Abdul Jabbar, CEO of the SRC, and Brian J. Higgins, Managing Partner of King Street, is part of His Excellency the Minister of Municipalities and Housing's official visit to the United States. The visit aims to explore ways to enhance partnership and cooperation between the two countries in the sectors of urban development, construction, building, finance, and real estate development.