Riyadh - Sharikat Mubasher: The Saudi-based investment company, Joa Capital, signed a strategic partnership with Binbar Investment and Rabeh to launch the Marhoon Fund, the first direct financing fund in Saudi Arabia dedicated to securing loans through lease and usufruct contracts.

With a total investment volume of SAR 500 million, the fund aims to empower Saudi companies to access innovative financing solutions backed by their operational assets as collateral, in support of private sector growth and diversification of funding sources, the company announced in a press release today.

Commenting on this milestone, Yousef AlYousefi, CEO and Managing Partner at Joa Capital, said: “We are proud of this partnership, which aligns with Joa Capital’s objectives and reflects our confidence in the strength of Saudi Arabia’s real estate market. This market is being empowered by digital platforms that improve liquidity access for property owners and stimulate investment.”

He noted that the partnership reflects the shared vision of all parties to develop innovative financial solutions that support private sector growth.

In turn, Majed Al-Zahrani, Partner and CEO of Binbar Real Estate, commented: “Our partnership with Joa Capital is focused on building real financial tools that enable growth and long-term sustainability in the Saudi real estate sector.”

Moreover, Marhoon Fund targets direct financing solutions tailored to the rental market in Saudi Arabia.