SAIB sells 44.4%-owned Riyadh land, records SAR 801.1M net proceeds

04:14 PM (Mecca time) Argaam
SAIB forecasts the impact of the land sale to reflect positively on its Q4 2025 financials

SAIB forecasts the impact of the land sale to reflect positively on its Q4 2025 financials

The Saudi Investment Bank (SAIB) finalized the sale of a 44.4%-owned land plot, located on Khurais Road in Riyadh.

 

The bank’s share of net proceeds, after deducting auction-related costs and expenses, stood at SAR 801.1 million, according to a Tadawul filing.

 

SAIB explained that the land spans a total area of 2.7 million square meters. The sale proceeds were received today, Nov. 24.

 

It expects the transaction to have a positive impact on the Q4 2025 financial results.

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