SAB Invest launches new real estate fund in partnership with Rafal and HIVE

Logo of SAB Invest

SAB Invest, in partnership with Rafal Real Estate Development Company, launched the SAB Invest Rafal Coliving Fund, a closed end private real estate fund, with the objective of developing a co-living residential property on a plot of land spanning 3,581 square meters and boasts a prime location on King Salman Road, in close distance from Riyadh’s landmark mega projects.

The statement affirms SAB Invest’s keenness on forming partnerships with leading companies providing innovative solutions in the field of real estate development and operations. Rafal Real Estate Development Company is the project developer and HIVE is the project operator that specializes in operating co-living projects with a successful track record outside the Kingdom.

Ali Al Mansour, CEO of SAB Invest, said: "SAB Invest is focused on providing premium real estate opportunities to investors. SAB Invest Rafal Co-living Fund offers an innovative model in the residential sector, and will be a unique addition to the sector. SAB Invest will continue to focus on quality investments in sectors with sustainable demand, aligning with Saudi Vision 2030.

Osama Alowedi, CIO of SAB Invest, commented that the SAB Invest Rafal Co-living Fund offers a unique model deployed in major economic cities that aims to serve the corporate housing needs, in line with the Kingdom’s program to attract regional headquarters of international companies to Riyadh.