National Building completes in-kind exit from Nomw Al Ahsa Fund for SAR 138.2M

Logo of National Building and Marketing Co. (NBM) 

National Building and Marketing Co. (NBM) announced that it completed, on Aug. 11, an in-kind exit from Nomw Al Ahsa Real Estate Fund with a total value of SAR 138.18 million.

In a statement to Tadawul, the company said the financial impact of this transaction will reflect in financial results for 2025.

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No additional costs are associated with the event, the statement added.

According to data available on Argaam, the company signed, in August 2021, an agreement with Nomw Capital to establish a SAR 100 million private real estate fund, called Nomw Al Ahsa Real Estate Development Fund.

In May 2023, the company said that it increased its ownership stake in Nomw Al Ahsa Real Estate Fund from 61.50% to 96.14%, raising its investment in the fund from SAR 80 million to SAR 124.98 million.