Riyadh - Sharikat Mubasher: Saudi Areeb Capital, a provider of specialized financial services, secured a deal worth SAR 521 million to acquire a property within the Jabal Omar project in Makkah, the company announced in a press release.
The acquired property is located 300 meters from the western side of Al-Masjid Al-Haram, and covers the space of 3,065 square meters. It is allocated for establishing a mixed-use tower, including residential apartments.
The acquisition deal was facilitated by one of the company’s real estate funds.
This step highlights the optimistic forecast of Areeb Capital to the Saudi market as well as the real estate sector in Makkah.
Areeb also announced that it will make a portion of this investment available through the “Cadaa” platform, the specialized investment platform deigned to provide reliable access to investments for all segments of the investment community.
Headquartered in Jeddah, the rapidly expanding Areeb Capital is licensed by the Saudi Central Bank (SAMA), and provides a wide range of financial services. It aims to be one of the investment leaders targeting high-net-worth individuals, family companies, family offices, corporations and financial sponsors.
It also provides innovative investment offerings across Saudi Arabia, Europe, and North Africa, in addition to the best services in all transactions across main investment products.
