en.Wedoany.com Reported - SAB Invest, in partnership with Retal Urban Development Company, has launched a $502 million real estate investment fund regulated by the Saudi Capital Market Authority. The fund's project is located in the Almalqa district of Riyadh, covering a land area of 19,000 square meters, and will be developed into a premium mixed-use tower.
SAB has committed to providing financing of up to 50% of the total investment value, aiming to optimize capital efficiency and risk management. This commitment is said to reflect the strength of the underlying assets and the partners' confidence in the project's long-term potential. The fund structure is designed to attract institutional and qualified investors seeking access to the Riyadh real estate market and sustainable long-term returns.
Ali Al Mansour, Managing Director and CEO of SAB Invest, stated that the Retal Heights Real Estate Fund exemplifies the company's practices in capital efficiency and risk management, enhancing investor confidence and delivering long-term value through diversified financing sources and partner collaboration. The project also reflects SAB Invest's role in driving innovative, high-impact development projects in Saudi Arabia.
Yasser Al Barrak, SAB's Chief Corporate and Institutional Banking Officer, stated that the fund reflects the bank's commitment to supporting landmark development projects through innovative financing solutions and long-term strategic partnerships. These projects contribute to the Kingdom's urban and economic transformation, align with Saudi Vision 2030, and strengthen Riyadh's position as a global investment destination.
Located along King Fahd Road in the Almalqa district, one of the most sought-after areas in northern Riyadh, the project is designed as a mixed-use tower to meet the growing demand in the residential, commercial, and hospitality sectors. Engineer Kamal bin Ahmed, CEO of Retal, stated that the partnership with SAB Invest and Saudi Awwal Bank will set a new benchmark for Riyadh in terms of quality and scale. The development will meet the evolving needs of residents, businesses, and visitors, while supporting the city's vision for a vibrant, globally competitive future.
The fund aligns with the strategic direction of the Royal Commission for Riyadh City to balance the real estate sector and drive sustainable urban growth. It directly supports the goal of enhancing Riyadh's global competitiveness under Saudi Vision 2030 and exemplifies high-quality, large-scale development projects that will solidify the Kingdom's position as a destination for investment, business, and lifestyle.
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