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Riyad Capital, one of the Kingdom’s largest asset managers and a leading company in real estate investment, announces the signing of an agreement to establish a c. US$ 400 million (SR1.5 billion) real estate fund in partnership with Princess Munira bint Abdullah bin Faisal Al Saud and Naif AlRajhi Investment Company. The project spans a land area of 32,000 square meters and is designed as a mixed-use development comprising hospitality, office, residential, and retail components. The project, classified as a Transit-Oriented Development (TOD), is strategically located approximately 250 meters from Al Takhassusi Metro Station, supporting the development of an integrated urban destination that promotes sustainability and responds to the growing demand for high-quality developments in Riyadh, in line with the objectives of Saudi Vision 2030. Princess Munira bint Abdullah bin Faisal Al Saud commented: “This project reflects the importance of the strategic location on Al-Takhassusi Road and the value of the partnership with Riyad Capital and Naif AlRajhi Investment Company to develop a project that aligns with the evolving urban landscape of Riyadh. We look forward to this development becoming a distinctive addition that supports quality of life and keeps pace with the city’s growing needs.” On this occasion, Abdullah Abdulrahman Alshwer, PhD, CFA, CEO of Riyad Capital, stated: “This project represents an extension of our presence in the real estate sector and marks a new step in developing distinctive destinations in strategic locations across Riyadh, supported by its prime location on Al-Takhassusi Road. This partnership with Princess Munira bint Abdullah bin Faisal Al Saud and Naif AlRajhi Investment Company reflects an integrated model that combines development expertise with investment management capabilities, enabling the delivery of a project that elevates the concept of mixed-use developments and aligns with evolving market expectations. This fund is part of our strategy to offer carefully structured investment opportunities built on strong fundamentals, enhancing value for investors. The project also represents Riyad Capital’s fourth Transit Oriented Development (TOD) project and contributes to supporting the objectives of Saudi Vision 2030, particularly in urban development and improving quality of life.” Naif Saleh AlRajhi, Chairman and CEO of Naif AlRajhi Investment Company, added: “We see this project as a valuable addition to our real estate development portfolio, through which we aim to deliver a project that reflects high quality standards and meets the evolving expectations of the Riyadh market. This project also reflects our direction toward developing projects in prime locations, in partnership with Riyad Capital as a leading real estate investment firm, contributing to the delivery of an integrated experience aligned with Vision 2030.” The project is part of developing an integrated urban destination that aligns with the ongoing transformation of the city of Riyadh, through a landmark development focused on quality of life and sustainability. It supports urban and economic growth while generating sustainable long-term returns. The project also reflects Riyad Capital’s strategy to create exceptional real estate investment opportunities through innovative investment solutions that maximize value for investors, alongside Naif Alrajhi Investment’s approach to strengthening its real estate portfolio through high-quality developments and strategic partnerships, in line with the objectives of Saudi Vision 2030. About Riyad CapitalRiyad Capital is a leading fully-fledged investment manager and the largest custodian in Saudi Arabia. Through its four business lines – asset and wealth management, brokerage, corporate investment banking, and securities services – the company offers end-to-end investment management solutions. Within the real estate sector, Riyad Capital is recognized as a pioneer, having launched the first listed REIT in Saudi Arabia – Riyad REIT – in 2016. The company’s real estate portfolio comprises various properties across 3 continents, with a total value exceeding c. US$6 billion. As of December 2025, Riyad Capital managed c. US$ 26 billion in assets under management and more than c. US$ 279 billion in assets under custody. The company was recognized among the Middle East’s top 5 asset managers for 2024 and 2025 by Forbes Middle East and received the Saudi Capital Market Award for Custodian of the Year 2024.For media inquiries, contact:MediaRelations@RiyadCapital.com About Naif AlRajhi Investment CompanyNaif Alrajhi Investment is a leading Saudi investment group operating across six countries through three core business lines: Real Estate, Private Investments, and Capital Markets, with a diversified presence in 13 sectors including real estate, hospitality, F&B, mining, contracting, financial markets, media, and logistics. Its real estate platform spans a broad portfolio of residential, commercial, hospitality, and mixed-use projects, supported by a growing development pipeline aligned with Saudi Arabia’s Vision 2030. The group has also played a pioneering role in shaping real estate investment structures in the Kingdom, and in capital markets it holds significant shareholdings and board positions in listed companies, reflecting its strategic influence. Naif Alrajhi Investment continues to drive growth locally and internationally through innovation, strategic partnerships, and community-focused development.
