Highlights 

  1. Partnership aims to build an advanced mortgage-finance and servicing platform in Saudi Arabia. 
  2. REDF, SRC, and LCM Partners collaborate to modernize housing-finance operations. 
  3. The initiative aligns with Vision 2030 goals to expand homeownership opportunities. 
  4. LCM Partners becomes a shareholder through new share issuance in the National Support Company for Finance Services. 
  5. The platform will deliver data-driven asset management and world-class mortgage servicing. 

Under the patronage and presence of His Excellency Mr. Majed bin Abdullah Al-Hogail, the Ministry of Municipal and Rural Affairs and Housing has supported the formation of a transformative partnership in Saudi Arabia’s housing-finance sector. The Real Estate Development Fund, the Saudi Real Estate Refinance Company, and LCM Partners have signed a tripartite agreement to establish an advancedmortgage-finance and servicing platform tailored to meet the evolving needs of the Kingdom’s real estate market. 

LCM Partners, a leading European privatecreditinvestmentfirm and a member of Brookfield, will, through its affiliate BCM Global, deliver independent mortgage servicing capabilities. This collaboration is designed to elevate the operational framework of the housing-finance ecosystem through modern data-driven tools and global standards forassetand servicing management. 

Supporting Vision 2030 and Enhancing Housing-Finance Operations 

The new platform directly advances the Housing Program and Vision 2030 objectives, which focus on enabling Saudi families to access suitable housing and ensuring long-term sustainability across the real estate sector. The initiative introduces enhanced asset-management practices, improved service quality, anddiversificationof homeownership solutions. 

A key feature of the agreement includes LCM Partners becoming ashareholderin the National Support Company for Finance Services via new share issuance. This move underscores international confidence in Saudi Arabia’s financial and housing-sector transformation. 

Leaders from all three organizations emphasized the partnership’s role in strengthening the national housing framework. REDF CEO Eng. Loaye Al-Nahedh stated that the collaboration supports financial sustainability and innovation, while SRC CEO Majid Al-Abduljabbar highlighted the importance of upgraded financing products and improved service standards. His Excellency Al-Hogail further noted that such partnerships reflect the appeal of the Saudi market to global investors. 

Global Expertise Brought to the Kingdom’s Housing Market 

Brookfield Asset Management CEO Bruce Flatt praised the initiative as aligned with the firm's long-term commitment to real estate and financial-infrastructure investments in Saudi Arabia. LCM Partners’ CEO Paul Burdell emphasized the longstanding relationship with the Kingdom, noting that the new platform strengthens a partnership built on trust and shared goals. 

Founded in 1999 and part of Brookfield since 2018, LCM Partners brings decades of expertise in European consumer and SME credit markets. Its capabilities, combined with the national mandates of REDF and SRC, are expected to accelerate the modernization of Saudi Arabia’s housing-finance landscape. 

Conclusion 

The tripartite agreement marks a significant milestone in Saudi Arabia’s pursuit of an advanced, efficient, and globally aligned housing-finance ecosystem. By merging international expertise with national priorities, REDF, SRC, and LCM Partners are setting the stage for enhanced homeownership opportunities, improved financial-services quality, and sustained sectoral growth under Vision 2030.