REFILE-Saudi Real Estate Refinance Co to obtain sovereign…

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REFILE-Saudi Real Estate Refinance Co to obtain sovereign. On July 17, 2015, the SEC published a no-action letter addressing the effect on the sponsor’s credit risk retention requirement of the refinancing of one or more. motion to dismiss filed by Natixis.

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* Saudi Real Estate Refinance Co to obtain sovereign guarantees on sukuk * Saudi’s CMA Imposes 20,000 Riyals Fine On Saudi Real Estate * Saudi Investment Bank Completes Purchase Of Mizuho Bank.

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DUBAI – Saudi Real Estate Refinance Co (SRC), modelled on U.S. mortgage finance firm Fannie Mae, said on Tuesday it will obtain from the Ministry of Finance sovereign guarantees on its planned issues of sukuk, or Islamic bonds. SRC, a subsidiary of Saudi Arabia’s sovereign Public Investment Fund.

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