Latest news with #NaifAlrajhiInvestment
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) (
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.'
Arab News
30-05-2025
- Business
- Arab News
Naif Alrajhi Investment, Aljazira Capital launch SR1.7bn fund
Naif Alrajhi Investment has formed a strategic partnership with Aljazira Capital to launch a closed private real estate investment fund. Valued at SR1.7 billion ($453.2 million), the fund will focus on the development of two high-impact real estate projects in Riyadh and Jeddah. This partnership underscores the shared investment vision of both companies in the Saudi real estate market and their shared ambition to enhance its appeal by developing innovative, high-value projects. The fund will support the execution of two strategic developments in two of the Kingdom's most prominent and dynamic cities. In Riyadh, the fund will support the development of a luxury residential project in Al-Khuzama district, designed to offer a fully integrated residential environment. The project will feature a diverse range of private residences, premium services, and architectural designs aligned with Saudi Arabia's modern vision. Strategically located near key landmarks in the capital, the project offers strong investment value and serves as an ideal choice for those seeking exceptional living in one of Riyadh's most prestigious neighborhoods. In Jeddah, the fund will support a mixed-use development in North Jeddah along King Abdulaziz Road. The project will feature residential and commercial towers, a luxury hotel, office spaces, retail outlets, and dining destinations. Designed to meet the growing demand for integrated, lifestyle-centric developments, the project combines living, working, and leisure in one strategic location. Its architectural design reflects Saudi Arabia's vision to preserve and modernize the Kingdom's identity, contributing to the evolving urban landscape of Jeddah in a contemporary and forward-looking way. Naif Saleh Alrajhi, chairman and CEO of Naif Alrajhi Investment, said: 'We are proud to partner with Aljazira Capital in developing two high-impact projects. Strategic locations were carefully selected, and the real estate offerings were designed based on thorough market research and trends, while ensuring alignment with the urban code and architectural identity of each region.' He added: '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, said: 'At Aljazira Capital, we remain dedicated to offering high-quality investment opportunities that align with our clients' aspirations and respond to evolving market demands. 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, added: '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.' He added: 'Partnering with experienced industry specialists such as Naif Alrajhi Investment — the developer behind the fund's projects — is a key factor in ensuring project success and achieving targeted returns.' Naif Alrajhi Investment is one of the Kingdom's leading investment groups, managing a diversified portfolio with a strong focus on the real estate sector. With a proven track record of success both locally and internationally, the company brings deep expertise and a strategic vision to developing real estate assets that meet the highest standards.
Zawya
28-05-2025
- Business
- Zawya
Naif Alrajhi Investment, Aljazira Capital launch $453mln real estate investment fund
Saudi investment firms Naif Alrajhi Investment and Aljazira Capital have partnered to launch a 1.7 Saudi billion riyal ($453 million) closed private real estate investment fund for the development of two high-impact real estate projects in Riyadh and Jeddah. In Riyadh, the fund will support the development of a luxury residential project in Al Khuzama district, and in Jeddah, it will support a mixed-use development along King Abdulaziz Road, a joint press statement said. The North Jeddah project will feature residential and commercial towers, a luxury hotel, office spaces, retail outlets, and dining destinations. Last week, Naif Alrajhi Investment had announced a partnership deal with the Saudi subsidiary of Morocco-based contractor TGCC (Travaux Généraux de Construction de Casablanca) to collaborate on the construction of projects developed by the Saudi company within the Kingdom. (Writing by SA Kader; Editing by Anoop Menon) (
Zawya
28-05-2025
- Business
- Zawya
Naif Alrajhi Investment and Aljazira Capital launch a SAR 1.7bln real estate fund
Naif Alrajhi Investment has formed a strategic partnership with Aljazira Capital to launch a closed private real estate investment fund. Valued at SAR 1.7 billion, the fund will focus on the development of two high-impact real estate projects in Riyadh and Jeddah. This partnership underscores the shared investment vision of both companies in the Saudi real estate market and their shared ambition to enhance its appeal by developing innovative, high-value projects. The fund will support the execution of two strategic developments in two of the Kingdom's most prominent and dynamic cities. In Riyadh, the fund will support the development of a luxury residential project in Al Khuzama district, designed to offer a fully integrated residential environment that elevates quality of life. The project will feature a diverse range of private residences, premium services, and architectural designs aligned with Saudi Arabia's modern vision. Strategically located near key landmarks in the capital, the project offers strong investment value and serves as an ideal choice for those seeking exceptional living in one of Riyadh's most prestigious neighborhoods. In Jeddah, the fund will support a mixed-use development in North Jeddah along King Abdulaziz Road. The project will feature residential and commercial towers, a luxury hotel, office spaces, retail outlets, and dining destinations. Designed to meet the growing demand for integrated, lifestyle-centric developments, the project combines living, working, and leisure in one strategic location. Its architectural design reflects Saudi Arabia's vision to preserve and modernize the Kingdom's identity, contributing to the evolving urban landscape of Jeddah in a contemporary and forward-looking way. On this occasion, Mr. Naif Saleh Alrajhi, Chairman and CEO of Naif Alrajhi Investment, commented: 'We are proud to partner with Aljazira Capital in developing two high-impact projects. Strategic locations were carefully selected, and the real estate offerings were designed based on thorough market research and trends, while ensuring alignment with the urban code and architectural identity of each region.' He added: 'This collaboration reflects our ongoing commitment to developing distinctive real estate projects that enhance quality of life.' For his part, Mr. Naif Al-Mesned, CEO and Managing Director of Aljazira Capital, stated: 'At Aljazira Capital, we remain dedicated to offering high-quality investment opportunities that align with our clients' aspirations and respond to evolving market demands. 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.' Mr. Bandar Al-Hogail, Head of Real Estate Assets at Aljazira Capital, also emphasized: '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.' He added: 'Partnering with experienced industry specialists such as Naif Alrajhi Investment — the developer behind the fund's projects — is a key factor in ensuring project success and achieving targeted returns.' Naif Alrajhi Investment is one of the Kingdom's leading investment groups, managing a diversified portfolio with a strong focus on the real estate sector. With a proven track record of success both locally and internationally, the company brings deep expertise and a strategic vision to developing real estate assets that meet the highest standards.
