Riyad Capital, one of many Kingdom’s largest asset managers and a number one firm in actual property funding, publicizes the signing of an settlement to determine a c. US$ 400 million (SR1.5 billion) actual property fund in partnership with Princess Munira bint Abdullah bin Faisal Al Saud and Naif AlRajhi Funding Firm.
The undertaking spans a land space of 32,000 sq. meters and is designed as a mixed-use growth comprising hospitality, workplace, residential, and retail parts. The undertaking, labeled as a Transit-Oriented Improvement (TOD), is strategically situated roughly 250 meters from Al Takhassusi Metro Station, supporting the event of an built-in city vacation spot that promotes sustainability and responds to the rising demand for high-quality developments in Riyadh, according to the aims of Saudi Imaginative and prescient 2030.
Princess Munira bint Abdullah bin Faisal Al Saud commented: “This undertaking displays the significance of the strategic location on Al-Takhassusi Highway and the worth of the partnership with Riyad Capital and Naif AlRajhi Funding Firm to develop a undertaking that aligns with the evolving city panorama of Riyadh. We stay up for this growth turning into a particular addition that helps high quality of life and retains tempo with town’s rising wants.”
On this event, Abdullah Abdulrahman Alshwer, PhD, CFA, CEO of Riyad Capital, said: “This undertaking represents an extension of our presence in the actual property sector and marks a brand new step in growing distinctive locations in strategic places throughout Riyadh, supported by its prime location on Al-Takhassusi Highway. This partnership with Princess Munira bint Abdullah bin Faisal Al Saud and Naif AlRajhi Funding Firm displays an built-in mannequin that mixes growth experience with funding administration capabilities, enabling the supply of a undertaking that elevates the idea of mixed-use developments and aligns with evolving market expectations. This fund is a part of our technique to supply fastidiously structured funding alternatives constructed on sturdy fundamentals, enhancing worth for traders. The undertaking additionally represents Riyad Capital’s fourth Transit Oriented Improvement (TOD) undertaking and contributes to supporting the aims of Saudi Imaginative and prescient 2030, significantly in city growth and bettering high quality of life.”
Naif Saleh AlRajhi, Chairman and CEO of Naif AlRajhi Funding Firm, added: “We see this undertaking as a useful addition to our actual property growth portfolio, by which we goal to ship a undertaking that displays top quality requirements and meets the evolving expectations of the Riyadh market. This undertaking additionally displays our course towards growing tasks in prime places, in partnership with Riyad Capital as a number one actual property funding agency, contributing to the supply of an built-in expertise aligned with Imaginative and prescient 2030.”
The undertaking is a part of growing an built-in city vacation spot that aligns with the continued transformation of town of Riyadh, by a landmark growth centered on high quality of life and sustainability. It helps city and financial development whereas producing sustainable long-term returns.
The undertaking additionally displays Riyad Capital’s technique to create distinctive actual property funding alternatives by modern funding options that maximize worth for traders, alongside Naif Alrajhi Funding’s method to strengthening its actual property portfolio by high-quality developments and strategic partnerships, according to the aims of Saudi Imaginative and prescient 2030.
About Riyad Capital
Riyad Capital is a number one fully-fledged funding supervisor and the most important custodian in Saudi Arabia. By means of its 4 enterprise traces – asset and wealth administration, brokerage, company funding banking, and securities companies – the corporate gives end-to-end funding administration options. Inside the actual property sector, Riyad Capital is acknowledged as a pioneer, having launched the primary listed REIT in Saudi Arabia – Riyad REIT – in 2016. The corporate’s actual property portfolio includes numerous properties throughout 3 continents, with a complete worth exceeding c. US$6 billion. As of December 2025, Riyad Capital managed c. US$ 26 billion in property below administration and greater than c. US$ 279 billion in property below custody. The corporate was acknowledged among the many Center East’s prime 5 asset managers for 2024 and 2025 by Forbes Center East and acquired the Saudi Capital Market Award for Custodian of the Yr 2024.
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About Naif AlRajhi Funding Firm
Naif Alrajhi Funding is a number one Saudi funding group working throughout six international locations by three core enterprise traces: Actual Property, Non-public Investments, and Capital Markets, with a diversified presence in 13 sectors together with actual property, hospitality, F&B, mining, contracting, monetary markets, media, and logistics. Its actual property platform spans a broad portfolio of residential, industrial, hospitality, and mixed-use tasks, supported by a rising growth pipeline aligned with Saudi Arabia’s Imaginative and prescient 2030.
The group has additionally performed a pioneering function in shaping actual property funding buildings within the Kingdom, and in capital markets it holds important shareholdings and board positions in listed firms, reflecting its strategic affect. Naif Alrajhi Funding continues to drive development domestically and internationally by innovation, strategic partnerships, and community-focused growth.
