‎SAB Invest signs financing agreement for over SAR 1B

‎SAB Invest signs financing agreement for over SAR 1B ‎SAB Invest signs financing agreement for over SAR 1B

​‎

Logo ofSAB Invest

SAB Investannounced the signing of a financing agreementwith Saudi Awwal Bank (SAB) for SAR 1.1 billion. The fund’s total assets are expected to be valued at SAR 2 billion.

Advertisement

In a statement, the company said the agreementis intended to support the implementation of the Capital GateProjecton King Fahd Road, Sahafa District. The move is part of the company’s strategy that aims to direct capital to real estate projects in strategic locations.

Debt financing is a core component of the fund’s capital structure and is intended to accelerate project development, enhance capital efficiency through the diversification of funding sources, as well as strengthen investor confidence by increasing the attractiveness of Capital Market Authority (CMA) regulated real estate funds to institutional investors seeking exposure to the Riyadh real estate market.

The company confirmed that the project is part of efforts aimed atenhancingthe qualityof Riyadh’s urbanlandscape, inlinewith the objectives of Saudi Vision 2030 and the strategic direction of the Royal Commission for Riyadh City(RCRC).

Ali Almansour, Managing Director and CEO of SAB Invest,said:“Securing debt capital at this scale marks akeymilestone in our commitment to Riyadh’s urban transformation.It also reflects the confidence of the financing partner in our strategy and the fundamental strength of the Kingdom’s real estate market. By bridging the gap between capital and opportunity, we are supporting the realization of Saudi Vision 2030, empowering investors to play an active role in the transformation of Riyadh’s landscape and quality of life.”

Yasser Albarrak, Chief Corporate and Institutional Banking Officer at SAB,emphasizedthatSAB continues to support large-scale initiatives aligned with Saudi Vision 2030,noting:“Our participation in financing thisprojectis based on our assessment of SABInvest’sstructuring approach and the quality of the underlying assets. We view this financing as a strategic allocation of capital that supports sustainable economic developmentin the Kingdom.”

Feras AlBanyan, CEO of Osool Integrated Real Estate Co, stated that the signing of the financing agreement marks a key milestone, enabling the fund to advance into the execution phase and deploy capital efficiently in line with its investment objectives. He added that the agreement reflects strong market confidence in Osool’s ability to deliver high-quality, large-scale developments and highlights the importance of strategic partnerships in securing the financial structure required to enhance asset quality, generate long-term value, and contribute to improving quality of life in Riyadh.

Khaled Madkhali, Group CEO of Tatweer, noted that transitioning from planning to execution through this agreement “enables the delivery of an integrated development comprising premium offices, retail spaces, and hospitality facilities, positioning the project as an iconic feature on King Fahd Road.”

SAB Invest said the financing agreement is instrumental in supporting its ongoing growth strategy, given the focus on opportunistic deals within the real estate market.

 

Logo ofSAB Invest

SAB Investannounced the signing of a financing agreementwith Saudi Awwal Bank (SAB) for SAR 1.1 billion. The fund’s total assets are expected to be valued at SAR 2 billion.

In a statement, the company said the agreementis intended to support the implementation of the Capital GateProjecton King Fahd Road, Sahafa District. The move is part of the company’s strategy that aims to direct capital to real estate projects in strategic locations.

Debt financing is a core component of the fund’s capital structure and is intended to accelerate project development, enhance capital efficiency through the diversification of funding sources, as well as strengthen investor confidence by increasing the attractiveness of Capital Market Authority (CMA) regulated real estate funds to institutional investors seeking exposure to the Riyadh real estate market.

The company confirmed that the project is part of efforts aimed atenhancingthe qualityof Riyadh’s urbanlandscape, inlinewith the objectives of Saudi Vision 2030 and the strategic direction of the Royal Commission for Riyadh City(RCRC).

Ali Almansour, Managing Director and CEO of SAB Invest,said:“Securing debt capital at this scale marks akeymilestone in our commitment to Riyadh’s urban transformation.It also reflects the confidence of the financing partner in our strategy and the fundamental strength of the Kingdom’s real estate market. By bridging the gap between capital and opportunity, we are supporting the realization of Saudi Vision 2030, empowering investors to play an active role in the transformation of Riyadh’s landscape and quality of life.”

Yasser Albarrak, Chief Corporate and Institutional Banking Officer at SAB,emphasizedthatSAB continues to support large-scale initiatives aligned with Saudi Vision 2030,noting:“Our participation in financing thisprojectis based on our assessment of SABInvest’sstructuring approach and the quality of the underlying assets. We view this financing as a strategic allocation of capital that supports sustainable economic developmentin the Kingdom.”

Feras AlBanyan, CEO of Osool Integrated Real Estate Co, stated that the signing of the financing agreement marks a key milestone, enabling the fund to advance into the execution phase and deploy capital efficiently in line with its investment objectives. He added that the agreement reflects strong market confidence in Osool’s ability to deliver high-quality, large-scale developments and highlights the importance of strategic partnerships in securing the financial structure required to enhance asset quality, generate long-term value, and contribute to improving quality of life in Riyadh.

Khaled Madkhali, Group CEO of Tatweer, noted that transitioning from planning to execution through this agreement “enables the delivery of an integrated development comprising premium offices, retail spaces, and hospitality facilities, positioning the project as an iconic feature on King Fahd Road.”

SAB Invest said the financing agreement is instrumental in supporting its ongoing growth strategy, given the focus on opportunistic deals within the real estate market.

Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with our Weekly Newsletter

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use
Advertisement