Key Takeaways
- • Hamad Mohammed Bin Saedan Real Estate Co. signed a non-binding memorandum of understanding (MoU) with Bloom Investment to establish the HS Logistics Fund, valued at SAR 325 million.
- • The MoU represents a strategic expansion into logistics real estate, marking a diversification move for the Riyadh-based real estate company established in 1969.
- • Hamad Mohammed Bin Saedan Real Estate is a publicly listed company (ticker: 9648) on the Saudi exchange, trading at approximately SAR 9.30 per share as of early October 2026.
- • The company recently completed an initial public offering with subscription opening for 4.2 million shares priced at SAR 13.5 per share, representing 17.64% of pre-offering equity.
Summary
Hamad Mohammed Bin Saedan Real Estate Co., a Riyadh-based property investment firm, announced on October 7, 2026, the signing of a non-binding memorandum of understanding with Bloom Investment to establish the HS Logistics Fund with a total value of SAR 325 million. The MoU signals the company's strategic pivot toward logistics real estate, diversifying beyond its traditional residential and commercial property portfolio.
The transaction represents a meaningful capital deployment for the publicly traded real estate company, which has operated in the Saudi market since 1969. The HS Logistics Fund partnership with Bloom Investment positions Hamad Mohammed Bin Saedan to capitalize on growing demand for logistics and warehousing infrastructure in the region, reflecting broader trends in supply chain modernization across the Gulf Cooperation Council countries.
The announcement comes amid active capital market activity by the company. In recent months, Hamad Mohammed Bin Saedan conducted an IPO with subscription opening for 4.2 million shares priced at SAR 13.5 per share, representing 17.64% of pre-offering shares. As of early October 2026, the company's stock (ticker: 9648) was trading at SAR 9.30 per share on the Saudi exchange. The company also declared a full-year dividend of SAR 0.25 per share and a total cash dividend distribution of SAR 7.06 million to shareholders.
The non-binding nature of the MoU indicates that definitive terms for the HS Logistics Fund partnership remain subject to further negotiation and due diligence between the two parties.
The transaction represents a meaningful capital deployment for the publicly traded real estate company, which has operated in the Saudi market since 1969. The HS Logistics Fund partnership with Bloom Investment positions Hamad Mohammed Bin Saedan to capitalize on growing demand for logistics and warehousing infrastructure in the region, reflecting broader trends in supply chain modernization across the Gulf Cooperation Council countries.
The announcement comes amid active capital market activity by the company. In recent months, Hamad Mohammed Bin Saedan conducted an IPO with subscription opening for 4.2 million shares priced at SAR 13.5 per share, representing 17.64% of pre-offering shares. As of early October 2026, the company's stock (ticker: 9648) was trading at SAR 9.30 per share on the Saudi exchange. The company also declared a full-year dividend of SAR 0.25 per share and a total cash dividend distribution of SAR 7.06 million to shareholders.
The non-binding nature of the MoU indicates that definitive terms for the HS Logistics Fund partnership remain subject to further negotiation and due diligence between the two parties.
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