SAB Invest Seals Over SAR 4 Billion Real Estate Deals in Riyadh

Logo of SAB Invest 

SAB Invest signed agreements to launch three real estate funds with a combined asset value of SAR 4.8 billion. The funds will invest in iconic projects such as Capital Gate, the towers development on King Fahd Road, and a mixed-use development, on the sidelines of its participation in Cityscape Riyadh 2025.

In a statement, the company explained that the new funds will be regulated by the Capital Market Authority (CMA) and formed through strategic partnerships with Osool Integrated Real Estate Co., Retal Urban Development Company, and Tatweer. The funds aim to channel long-term capital flows into iconic real estate projects, thereby improving the quality of Riyadh's urban landscape.

The statement added that the launch of the funds comes as part of the company's efforts to generate sustainable economic value across strategic projects, in line with urban expansion and quality-of-life enhancement objectives. The initiative follows the directives and studies of the Royal Commission for Riyadh City to enhance Riyadh's competitiveness as one of the world's best cities to live and work in.

Commenting on the announcement, Ali Almansour, Managing Director and CEO of SAB Invest, said: "At SAB Invest, we are pleased to be part of these flagship projects, which mark a significant milestone in promoting sustainable development in Riyadh’s real estate sector. Our partnerships in launching these investment funds reflect our confidence in the promising opportunities within the Kingdom's real estate sector, particularly in high-quality projects. We reaffirm our commitment to supporting the initiatives that contribute to achieving Saudi Vision 2030, and we look forward to working closely with investors to fulfill the objectives of these ambitious projects that will enhance the quality of life in Riyadh."

Osama Alowedi, Chief Investment Officer at SAB Invest, noted that since launching its local real estate program in 2023, the company has invested in several prominent real estate assets in Riyadh, with a total value expected to exceed SAR 6 billion with more deals in the pipeline. This performance reflects the strong momentum and sustained activity within the real estate market, with the company’s portfolio covering a diverse range of income-generating and opportunistic-focused strategies.

Meanwhile, Waleed Bakerman, Head of Real Estate Investments at SAB Invest, explained that the company's real estate portfolio includes development-led assets with a gross leasable area of about half million square meters primarily dedicated to mixed-use office spaces, in addition to 400 residential units and more than 2,700 hotel keys, along with a range of commercial and logistics assets.

Details of the Three Real Estate Funds

• First Fund – Capital Gate Project

This fund aims to collaborate with the exclusive developer, Tatweer, to develop a prime office tower within a mixed-use project on King Fahd Road in the Sahafah district, north of Riyadh, featuring a built-up area of 135,000 square meters on a 30,000-square-meter plot. The target investment size is SAR 2 billion. The project offers an integrated mix of premium office spaces, retail areas, and hospitality facilities in a strategic location on the capital's primary road network.

• Second Fund – Towers Development on King Fahd Road Project

This fund aims to collaborate with the exclusive developer, Retal, to develop and operate a mixed-use project of towers on a 19,000-square-meter plot, located on King Fahd Road in the Malqa district, one of the most prominent business, residential, and hospitality destinations in northern Riyadh. The target investment size is SAR 1.9 billion.

• Third Fund – Eastern Ring Road Mixed-Use Project

This fund collaborates with the exclusive developer, Tatweer, to develop a mid-rise project on the Eastern Ring Road in Hamra district, on a land area of 45,000 square meters with a built-up area of 100,000 square meters, comprising offices, retail spaces, and hospitality areas. The project is designed to provide a modern business environment in a strategically positioned area in eastern Riyadh. The targeted investment value is SAR 865 million.

SAB Invest manages assets exceeding SAR 36 billion as of the end of H1 2025.