SAB Invest, Saudi-Based Retal Launch SAR1.9 Billion Real Estate Investment Fund
The fund will finance the development of Retal Heights, a mixed-use project planned on a 19,000-square-meter site in Almalqa district in Riyadh.
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SAB Invest, the investment arm of Saudi Awwal Bank (SAB), and Saudi-based Retal Urban Development Company have launched a SAR1.9 billion (US$505 million) real estate investment fund to support the development of a mixed-use project in Riyadh.
The Capital Market Authority (CMA)-regulated fund will finance the development of Retal Heights, a project planned on a 19,000-square-meter site in Almalqa district along King Fahad Road in northern Riyadh.
In a statement, the company said the fund is structured to optimize capital efficiency and risk management, with SAB committing financing of up to 50% of the total investment value.
“The Real Estate Fund for Retal Heights exemplifies our approach to capital efficiency and risk management. By diversifying funding sources and collaborating with trusted partners, we are strengthening investor confidence and delivering long-term value,” Ali Al Mansour, Managing Director & CEO at SAB Invest, said.
The flagship development will feature mixed-use towers comprising residential and commercial units.
“This project will set new benchmarks for quality and scale in Riyadh,” Eng. Kamal bin Ahmed Chief Executive Officer at Retal, said. “Our combined expertise ensures that the development will meet the evolving needs of residents, businesses and visitors, while supporting the city’s vision for a vibrant, globally competitive future.”
The fund is aligned with the Royal Commission for Riyadh City’s urban development plans and supports the objectives of Saudi Vision 2030.
SAB Invest, the investment arm of Saudi Awwal Bank (SAB), and Saudi-based Retal Urban Development Company have launched a SAR1.9 billion (US$505 million) real estate investment fund to support the development of a mixed-use project in Riyadh.
The Capital Market Authority (CMA)-regulated fund will finance the development of Retal Heights, a project planned on a 19,000-square-meter site in Almalqa district along King Fahad Road in northern Riyadh.
In a statement, the company said the fund is structured to optimize capital efficiency and risk management, with SAB committing financing of up to 50% of the total investment value.
“The Real Estate Fund for Retal Heights exemplifies our approach to capital efficiency and risk management. By diversifying funding sources and collaborating with trusted partners, we are strengthening investor confidence and delivering long-term value,” Ali Al Mansour, Managing Director & CEO at SAB Invest, said.
The flagship development will feature mixed-use towers comprising residential and commercial units.
“This project will set new benchmarks for quality and scale in Riyadh,” Eng. Kamal bin Ahmed Chief Executive Officer at Retal, said. “Our combined expertise ensures that the development will meet the evolving needs of residents, businesses and visitors, while supporting the city’s vision for a vibrant, globally competitive future.”
The fund is aligned with the Royal Commission for Riyadh City’s urban development plans and supports the objectives of Saudi Vision 2030.
