Al Saedan, Al-Nefaie Group launch real estate funds worth SAR 1 bn

user icon
NOHA.GAD
calender icon
Feb 20, 2024
article image

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.


Share

Related News

stc powers up for Esports World Cup 2025
News
Calendar Icon
July 8, 2025
stc powers up for Esports World Cup 2025
Read More
Saudi Arabia maintains first position in Global Cybersecurity Ranking in 2025
News
Calendar Icon
July 8, 2025
Saudi Arabia maintains first position in Global Cybersecurity Ranking in 2025
Read More
Report: Saudi Arabia leads Middle East in crypto inflows
News
Calendar Icon
July 7, 2025
Report: Saudi Arabia leads Middle East in crypto inflows
Read More
SAB Invest launches $266M private credit fund focused on MENA
News
Calendar Icon
July 7, 2025
SAB Invest launches $266M private credit fund focused on MENA
Read More
Kafalah wins Best Institution for Sustainable Finance award
News
Calendar Icon
July 7, 2025
Kafalah wins Best Institution for Sustainable Finance award
Read More
Saudi Health Ministry organizes Global Health Exhibition 2025 in Riyadh
News
Calendar Icon
July 7, 2025
Saudi Health Ministry organizes Global Health Exhibition 2025 in Riyadh
Read More
E-commerce registrations in Saudi Arabia exceed 39K in Q2-25
News
Calendar Icon
July 7, 2025
E-commerce registrations in Saudi Arabia exceed 39K in Q2-25
Read More
Saudi Arabia issues over 80K commercial registers in Q2-25
News
Calendar Icon
July 7, 2025
Saudi Arabia issues over 80K commercial registers in Q2-25
Read More
Zain KSA, Huawei launch Riyadh Antenna platform
News
Calendar Icon
July 7, 2025
Zain KSA, Huawei launch Riyadh Antenna platform
Read More
PwC: ESG integration could unlock $38B in Saudi real estate investment
News
Calendar Icon
July 7, 2025
PwC: ESG integration could unlock $38B in Saudi real estate investment
Read More