Al-Istithmar Securities and Brokerage Company “Al-Istithmar Capital” , the investment arm of the Saudi Investment Bank, announced the signing of a cooperation agreement with Izdihar Real Estate Development Company with the aim of establishing a real estate fund in the field of real estate development for the commercial and office sector in the city of Riyadh.

The main objective of the fund to be established is to enhance the growth of the fund’s investors’ capital through the acquisition of beneficial rights to land located on the campus of King Saud University on Prince Turki I Road in the city of Riyadh, with an area of ​​103,000 square meters, for the purpose of developing it into an income-generating commercial office complex. This is done by exiting the fund in a way that serves the interests of the fund’s unit holders.

Mr. Khalid bin Abdulaziz Al-Rayes , CEO of Investment Capital, explained: We aim, in cooperation with Izdihar Real Estate Development Company, to achieve common goals in the real estate sector and provide investors with the opportunity to invest in real estate opportunities that are in line with  investors’ aspirations and the ongoing changes in the real estate sector. He also explained that Al-Istithmar Capital Company continues  to aim to provide qualitative, value-added investment opportunities for investors interested in investing in the real estate sector by  offering real estate funds structured according to the needs of each project, ensuring optimal benefit and achieving the maximum return on investment.

On the other hand, Mr. Abdul Mohsen bin Fawaz Al Hokair, CEO of Izdihar Real Estate Development Company, commented that we aim, through our strategic partnership with Al-Istithmar Capital, to provide more unique investment opportunities for investors in the real estate sector, as part of the company’s endeavor to provide its qualitative products in line with customer aspirations. .

It is worth noting that Al-Istithmar Capital is a closed joint stock company licensed by the Capital Market Authority in the Kingdom of Saudi Arabia to carry out the activities of dealing as principal and agent, underwriting, managing investment funds, managing client portfolios, arranging, advising, and custody in securities business. It is one of the companies owned by 100% to the Saudi Investment Bank.