Investment Capital announces signing of real estate development agreement with Heaza Real Estate Development

A side of the signing ceremony

Investment Capital, the investment arm of Saudi Investment Bank, announced the signing of a real estate development agreement with Heaza Real Estate Development to develop a plot of land located on King Abdullah Road in Riyadh (Sahara Plaza).

The project spans a land area of 12,540 square meters and is a mixed-use development comprising residential, office, and commercial sectors. It is also one of the transit-oriented development (TOD) projects. The project is located approximately 250 meters from King Abdulaziz Road station, supporting the development of an integrated destination that enhances quality of life and meets the growing demand for high-quality projects in Riyadh.

Mr. Khalid bin Abdulaziz Al Rayes, CEO of Investment Capital, stated that in collaboration with Heaza Real Estate Development, they aim to achieve common goals in the real estate sector and provide investors with opportunities to invest in real estate opportunities that align with investor aspirations and the ongoing changes in the real estate sector. He also clarified that Investment Capital continues to target providing high-quality, value-added investment opportunities for investors interested in the real estate sector by offering real estate funds structured according to the needs of each project, ensuring optimal utilization and maximizing return on investment.

For his part, Mr. Adel bin Ahmed Al Saif, CEO of Heaza Real Estate Development, stated that the strategic partnership with Investment Capital reflects Heaza's commitment to providing more high-quality investment opportunities in the real estate sector, as part of its efforts to offer quality real estate products that meet customer aspirations and support sustainable project value.

It is worth noting that Investment Capital is a closed joint-stock company licensed under Commercial Register No. (1010235995) by the Saudi Capital Market Authority to conduct activities including dealing as principal and agent, underwriting, managing investment funds, managing client portfolios, arranging, advising, and custody in securities. It is a wholly owned subsidiary of Saudi Investment Bank.

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