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Clayton to help form REFC
JEDDAH - Clayton Holdings Inc., a leading due diligence, surveillance, and specialty consulting provider company, has been engaged as the lead consultant in the formation of the Real Estate Financing Company (REFC), a new residential mortgage company based in Riyadh.
REFC, which is expected to launch operations in 2009, will provide Sharia-compliant, third-party financing for home purchase in the Kingdom. Future plans call for additional branches in Saudi Arabia as well as online development, Clayton Holdings Inc. said in information made available to Khaleej Times here on Monday.
Clayton’s responsibilities will include: sizing the Saudi housing market, creating the strategic business plan
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