Key Takeaways
- • Al Saedan Real Estate acquired a residential-commercial masterplan in northeast Riyadh for SAR 2 billion through a newly established real estate investment fund partnered with ANB Capital.
- • The 900,000 square meter development on Thumama Road will include over 1,750 residential units (villas and apartments) plus commercial and educational spaces, all to be sold post-development.
- • This acquisition represents a strategic milestone for Al Saedan's previously announced SAR 6 billion multi-sector investment strategy, with the new fund expected to boost total planned investments to approximately SAR 8 billion.
- • ANB Capital and Al Saedan Real Estate formalized the partnership with executives Sultan Alkhudair (CEO, Al Saedan) and Abdullah Al-Mousa (Head of Real Estate Investments, ANB Capital) signing the agreement.
- • The development is positioned as a cornerstone project to deliver lucrative returns while advancing Al Saedan's broader portfolio of residential, commercial, and office real estate funds.
Summary
Al Saedan Real Estate Company has announced the acquisition of a substantial residential-commercial masterplan located in northeast Riyadh for nearly SAR 2 billion. The transaction was structured through the establishment of a dedicated real estate investment fund in partnership with ANB Capital, marking a collaborative effort between the two institutions to develop premium mixed-use real estate in Saudi Arabia's capital.
The acquired property spans approximately 900,000 square meters on Thumama Road and will accommodate over 1,750 residential units comprising both villas and apartments, alongside various commercial and educational amenities. All developed units are designated for sale following completion, positioning the project as a revenue-generating asset rather than a long-term hold platform.
This acquisition directly supports Al Saedan's previously articulated investment strategy targeting SAR 6 billion across multi-sector development initiatives and the establishment of dedicated residential, commercial, and office real estate funds. According to Sultan Alkhudair, Chief Executive Officer of Al Saedan Real Estate, the new ANB Capital partnership represents a "crucial step" toward executing this vision. The establishment of this fund is expected to increase the company's total investment pipeline to approximately SAR 8 billion, reflecting substantial capital deployment across the real estate sector.
ANB Capital and Al Saedan formalized the partnership with signatures from Alkhudair and Abdullah Al-Mousa, Head of Real Estate Investments at ANB Capital. Samir Rajab, Investment Manager at Al Saedan Real Estate, characterized the acquisition as "one of the most important steps" undertaken by the company to strengthen support for real estate development projects, with expectations that it will generate significant returns and advance the firm's broader investment objectives.
The acquired property spans approximately 900,000 square meters on Thumama Road and will accommodate over 1,750 residential units comprising both villas and apartments, alongside various commercial and educational amenities. All developed units are designated for sale following completion, positioning the project as a revenue-generating asset rather than a long-term hold platform.
This acquisition directly supports Al Saedan's previously articulated investment strategy targeting SAR 6 billion across multi-sector development initiatives and the establishment of dedicated residential, commercial, and office real estate funds. According to Sultan Alkhudair, Chief Executive Officer of Al Saedan Real Estate, the new ANB Capital partnership represents a "crucial step" toward executing this vision. The establishment of this fund is expected to increase the company's total investment pipeline to approximately SAR 8 billion, reflecting substantial capital deployment across the real estate sector.
ANB Capital and Al Saedan formalized the partnership with signatures from Alkhudair and Abdullah Al-Mousa, Head of Real Estate Investments at ANB Capital. Samir Rajab, Investment Manager at Al Saedan Real Estate, characterized the acquisition as "one of the most important steps" undertaken by the company to strengthen support for real estate development projects, with expectations that it will generate significant returns and advance the firm's broader investment objectives.
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