Latest news with #AljaziraCapital
Zawya
09-07-2025
- Business
- Zawya
Foreign investments in Saudi equities reached $970mln in June
Saudi Arabia's equities have seen continued international investor interest, with foreigners injecting SAR 3.64 billion ($970 million) into the kingdom's stock market in June 2025. Saudi individual investors also drove a net inflow of SAR 2.99 billion, while GCC investors recorded a net inflow of SAR 0.13 billion during the same period, according to Aljazira Capital Research. However, while foreign investors, GCC investors and Saudi individual investors acted as net buyers, institutional investors in the kingdom sold more shares than they bought, leading to a net withdrawal of SAR 6.76 billion from the stock market. The Tadawul All Share Index (TASI) ended last month at 11,164 points, marking a 1.58% growth from its previous close in May. However, the total value traded in June dipped by 7.9% to SAR 95.7 billion compared to the previous month. (Writing by Cleofe Maceda; editing by Seban Scaria)
BBC News
02-07-2025
- Business
- BBC News
Part of Vodafone HQ in Newbury to become science park
Part of the site of a Vodafone headquarters is going to be turned into a new science park backed by Saudi Real Estate has officially begun the redevelopment of The Connection, a more than 38-acre business campus in Newbury, project aims to transform the site into a business, innovation and life sciences hub along the M4 corridor, with completion anticipated in March 2026, according to the Local Democracy Reporting of investment at Oval Real Estate Will Parry said he wanted to establish the site as "one of the premier business and innovation parks along the M4 corridor". "By integrating sustainable design with state-of-the-art facilities, we aim to foster a vibrant community that supports innovation and growth," he said. Extensive refurbishment Originally built in 2003 as Vodafone's global headquarters, The Connection comprises seven office buildings in still occupies four of them, while Oval Real Estate has started refurbishment of the first of the remaining three, the external campus environment and the park aims to create flexible workspaces designed to attract corporate tenants in sectors such as life sciences, research and development, and technology will also have a fitness centre, a sunken garden, and a café with outdoor seating. The surrounding landscaped grounds will be remodelled, including the addition of large outdoor meeting project is backed financially by Aljazira investment officer Marco Mauri said the site represented an "exceptional opportunity". You can follow BBC Berkshire on Facebook, X (Twitter), or Instagram.
Zawya
01-07-2025
- Business
- Zawya
Saudi-listed Umm Al Qura sets up $373mln real estate private fund
Umm Al Qura for Development and Construction Company has signed a non-binding tripartite memorandum of understanding to set up a 1.4 billion Saudi riyals ($373.29 million) real estate private fund. The MoU was signed with Aljazira Capital and Naif Alrajhi Investment, the developer of the Masar destination, a mixed-use development in Makkah, said in a statement to the Saudi stock exchange on Tuesday. According to the MoU, Aljazira Capital will serve as the fund manager, while Naif Alrajhi Investment will act as the developer. Moreover, Umm Al Qura will offer the land plots as an in-kind contribution, while the developer will contribute both cash and in-kind contributions to the fund. The fund aims to develop hospitality, residential, and commercial units on two land plots within the Masar destination. No project details were given. The MoU is valid for six months from the date of signing or until the completion of the fund's establishment, whichever comes first, the statement said. (Editing by Anoop Menon) (
Argaam
01-07-2025
- Business
- Argaam
Umm Al Qura for Development and Construction signs tripartite MoU with Naif Al-Rajhi Investment, Aljazira Capital for development projects in Masar
Umm Al Qura for Development and Construction Company, the owner, developer, and operator of Masar destination, has signed a strategic, tripartite Memorandum of Understanding (MoU) with Naif Alrajhi Investment and Aljazira Capital. The memorandum aims to launch a real estate private fund with an estimated capital of SAR 1.4 billion to develop hotel and residential units within Masar destination. Mr. Yasser Abdulaziz Abuateek, CEO of Umm Alqura Development and Construction hailed the strategic collaboration with Naif Alrajhi Investment and Aljazira Capital. Abuateek said: 'The strategic collaboration with Naif Alrajhi Investment and Aljazira Capital reflects the growing confidence in the investment opportunities offered by Masar destination. It aligns with and supports our vision to develop the hospitality sector and enrich the experience of both visitors and residents by offering diverse accommodation options." For his part, Mr. Naif Saleh Al Rajhi, Chairman and CEO of Naif Al Rajhi Investment Company, said: 'We are pleased to cooperate with Umm Al Qura for Development and Construction and Aljazira Capital to develop two distinguished projects within Masar destination, aligning with our vision to create real estate developments that enhance quality of life." In turn, Mr. Naif Al-Misnad, CEO and Managing Director of Aljazira Capital, said, "At Aljazira Capital, we remain committed to providing quality investment opportunities that align with our clients' aspirations and keep pace with the rapid changes in the market. Signing this MoU in preparation for launching a new investment fund supports our efforts to diversify our investment portfolio and expand strategic partnerships in the real estate sector, which we view as a key driver of economic growth and sustainable development". It is worth noting that Masar is an urban destination with a bold development and investment vision, adopting the highest standards of destination design. The project aims to improve the quality of life for Makkah's residents and visitors through high-quality facilities and services, while offering an integrated and diverse investment ecosystem.
Zawya
02-06-2025
- Business
- Zawya
Saudi: Naif Alrajhi Investment, Aljazira Capital launch $453mln real estate fund
Riyadh – Naif Alrajhi Investment joined forces with Aljazira Capital to launch a closed private real estate investment fund valued at SAR 1.70 billion, according to a recent press release. The newly established fund will focus on developing two high-impact real estate projects in Riyadh and Jeddah to bolster the Saudi real estate market. In Riyadh, the fund will back the development of a luxury residential project in Al Khuzama district, featuring a diverse range of private residences, premium services, and architectural designs aligned with Saudi Arabia's modern vision. In Jeddah, the fund will support a mixed-use development in North Jeddah along King Abdulaziz Road. The development scheme will feature residential and commercial towers, a luxury hotel, office spaces, retail outlets, and dining destinations. Naif Saleh Alrajhi, Chairman and CEO of Naif Alrajhi Investment, commented: 'This collaboration reflects our ongoing commitment to developing distinctive real estate projects that enhance quality of life.' Naif Al-Mesned, CEO and Managing Director of Aljazira Capital, stated: 'The launch of this fund, in partnership with Naif Alrajhi Investment as a specialized real estate developer, reflects our strategy to diversify our investment offerings and reinforce our active presence in the real estate sector.' Bandar Al-Hogail, Head of Real Estate Assets at Aljazira Capital, noted: 'The launch of this fund marks an important milestone in Aljazira Capital's strategy to offer a diversified portfolio of high-quality real estate investment products.'
