Riyadh - Sharikat Mubasher: Al Saedan Real Estate Company signed an agreement with Al-Nefaie Investment Group to establish and launch three real estate funds worth around SAR 1 billion during Restatex 2024, the largest real estate exhibition in Saudi Arabia.

The agreement was signed by Sultan Alkhudair, CEO of Al Saedan Real Estate Company, and Abdullah Al Sudais, CEO of Al-Nefaie Investment Group, in the presence of the Minister of Municipal Affairs and Housing Majed Al-Hogail.

Both parties will join efforts to develop inclusive and sustainable commercial and residential complexes.

This partnership will accelerate Al Saedan Real Estate Company’s strategy to scale its real estate assets and provide high-quality residential and commercial properties.

As per the agreement, Al-Nefaie Investment Group will structure and manage the real estate funds, in addition to exploring a diverse range of investment opportunities.

Restatex 2024 takes place in Riyadh from 18 to 21 February to explore the latest innovations and technologies in the real estate sector. It serves as a platform for engaging with industry specialists and experts in the real estate sector, fostering the exchange of experiences and knowledge.