During the first half of this year, Al-Tameer Real Estate Finance Company plans to issue 900 million pounds in securitization bonds.
Vice Chairman of the Board of Directors and new managing director of “Al-Oula” Real Estate Finance Company, Ayman Abdel Hamid, stated that the company intends to focus less on clients in collecting revenues and instead diversify its funding sources by issuing securitized bonds in the near future.
He expected the issuing of securitization bonds to be completed in the first half of this year, with segments ranging from one to three years, and negotiations with many financial and legal institutions to take over the responsibility of managing it are currently underway.
He noted that the local market is currently experiencing an increase in the issuance of securitization bonds, which coincides with the interest of financial institutions and banks in purchasing this financing tool, reinforcing “Al- Oula’s” desire to issue it.