Latest news with #SABInvest
ME Construction
7 days ago
- Business
- ME Construction
Azure launches Lamara project in Riyadh
Property Azure launches Lamara project in Riyadh By The project aligns with SAB Invest's local real estate strategy, which has achieved a 19% internal rate of return for its investors Azure has launched its Lamara project in Riyadh. This collaborative effort between Mohammed Al Habib Real Estate and SAB Invest brings together expertise in development, real estate investment, and master planning. The project was valued at US $72.4mn and aligns with SAB Invest's broader $800mn local real estate strategy, which has achieved a 19% internal rate of return (IRR) for its investors. Together, SAB Invest and Mohammed Al Habib Real Estate reinforce their shared commitment to delivering exceptional, high-impact communities, said a statement. Azure, backed by the legacy of over 50 completed projects across 10 cities by Mohammed Al Habib Real Estate, is set to launch multiple projects per quarter as part of a high frequency strategy. This vision aims to manage up to 20,000 residential units in Riyadh by 2030. Azure currently serves over 13,680 residents across 12 compounds and 3,639 residential units. Azure Lamara builds on this momentum to Riyadh's evolving residential landscape, offering developments that redefine lifestyle centric urban living, said a statement. Abdullah Al Habib, CEO of Mohammed Al Habib Real Estate said, 'Lamara is just the beginning. As Azure expands its footprint across Riyadh, we are creating vibrant, high-quality communities that align with Vision 2030. Leveraging our expertise in pioneering strategic master plans and unique urban developments, we remain dedicated to crafting neighborhoods that truly reflect and elevate the way people live and connect.' Fahad Al-Assaf, President at Azure, emphasised this vision commented, 'This launch reflects Azure's broader mission to create thoughtful urban environments. Drawing on the heritage and development expertise of our parent company, we aim to deliver spaces that inspire the seamless integration of connection, wellbeing, and enduring value.' Ali Al Mansour, Managing Director and CEO of SAB Invest added, 'Our collaboration with Mohammed Al Habib Real Estate reflects our commitment to backing high-quality developments that deliver both strong returns and long-term value to investors. Our success with Azure Lamara project is a testament to this strategy, and we are proud to see that momentum continue with the Lamara launch.' SAB Invest, with its growing portfolio of residential and mixed-use assets across the Kingdom, brings investment scale and efficiency to its long-term value creation development strategy. This collaboration exemplifies responsible real estate practices that positively impact the community. Azure prioritises services that cater to the diverse needs of its broad resident community, welcoming environment that resonates with today's globally minded population, the statement concluded.
Zawya
7 days ago
- Business
- Zawya
Azure unveils new luxury living development in Riyadh
Saudi Arabia - Mohammed Al Habib, a leading property development company in Saudi Arabia, has announced that one of its key units - Azure - has launched its landmark Lamara project in Riyadh, thus setting the stage for an ambitious new chapter in premium community development. Held in strategic collaboration between Mohammed Al Habib Real Estate, and SAB Invest, the occasion brings together leading expertise in development, real estate investment, and master planning. The project is part of SAB Invest's wider SAR3 billion ($816 million) local real estate strategy, yielding an impressive 19% internal rate of return (IRR) for the fund's investors. Together, both entities reinforce their shared commitment to delivering distinctive, high-impact communities. The unveiling follows SAB Invest's successful divestment of Lamara residential project, acquired in partnership with Mohammed Al Habib Real Estate at a total investment of SAR268 million. The milestone also marks the beginning of a high-frequency rollout strategy, with Azure set to launch multiple projects per quarter as part of a broader vision to manage up to 20,000 residential units in Riyadh by 2030. Backed by Mohammed Al Habib Real Estate's legacy of over 50 completed projects across 10 cities, Azure currently serves over 13,680 residents across 12 compounds and 3,639 residential units. Azure Lamara builds on this momentum to Riyadh's evolving residential landscape with developments that aim to redefine lifestyle-centric urban living, said a top official. "Lamara is just the beginning. As Azure expands its footprint across Riyadh, we are creating vibrant, high-quality communities that align with Vision 2030," remarked its CEO Abdullah Al Habib. "Leveraging our expertise in pioneering strategic master plans and unique urban developments, we remain dedicated to crafting neighborhoods that truly reflect and elevate the way people live and connect," he stated. Azure President Fahad Al Assaf said: "This launch reflects our broader mission to create thoughtful urban environments. Drawing on the heritage and development expertise of our parent company, we aim to deliver spaces that inspire the seamless integration of connection, wellbeing, and enduring value." By prioritizing services tailored to the needs of a broad resident community, Azure fosters a welcoming environment that aligns with today's globally minded population, he stated. SAB Invest Managing Director and CEO Ali Al Mansour said: "Our collaboration with Mohammed Al Habib Real Estate reflects our commitment to backing high-quality developments that deliver both strong returns and long-term value to investors. Our success with Azure Lamara project is a testament to this strategy, and we are proud to see that momentum continue with the Lamara launch." "With a growing portfolio of high-performing residential and mixed-use assets across the Kingdom, SAB Invest brings investment scale and efficiency to a development strategy rooted in long-term value creation. This collaboration reflects a forward-looking approach to real estate that blends financial discipline with community impact," he added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
7 days ago
- Business
- Trade Arabia
Azure unveils new luxury living development in Riyadh
Mohammed Al Habib, a leading property development company in Saudi Arabia, has announced that one of its key units - Azure - has launched its landmark Lamara project in Riyadh, thus setting the stage for an ambitious new chapter in premium community development. Held in strategic collaboration between Mohammed Al Habib Real Estate, and SAB Invest, the occasion brings together leading expertise in development, real estate investment, and master planning. The project is part of SAB Invest's wider SAR3 billion ($816 million) local real estate strategy, yielding an impressive 19% internal rate of return (IRR) for the fund's investors. Together, both entities reinforce their shared commitment to delivering distinctive, high-impact communities. The unveiling follows SAB Invest's successful divestment of Lamara residential project, acquired in partnership with Mohammed Al Habib Real Estate at a total investment of SAR268 million. The milestone also marks the beginning of a high-frequency rollout strategy, with Azure set to launch multiple projects per quarter as part of a broader vision to manage up to 20,000 residential units in Riyadh by 2030. Backed by Mohammed Al Habib Real Estate's legacy of over 50 completed projects across 10 cities, Azure currently serves over 13,680 residents across 12 compounds and 3,639 residential units. Azure Lamara builds on this momentum to Riyadh's evolving residential landscape with developments that aim to redefine lifestyle-centric urban living, said a top official. "Lamara is just the beginning. As Azure expands its footprint across Riyadh, we are creating vibrant, high-quality communities that align with Vision 2030," remarked its CEO Abdullah Al Habib. "Leveraging our expertise in pioneering strategic master plans and unique urban developments, we remain dedicated to crafting neighborhoods that truly reflect and elevate the way people live and connect," he stated. Azure President Fahad Al Assaf said: "This launch reflects our broader mission to create thoughtful urban environments. Drawing on the heritage and development expertise of our parent company, we aim to deliver spaces that inspire the seamless integration of connection, wellbeing, and enduring value." By prioritizing services tailored to the needs of a broad resident community, Azure fosters a welcoming environment that aligns with today's globally minded population, he stated. SAB Invest Managing Director and CEO Ali Al Mansour said: "Our collaboration with Mohammed Al Habib Real Estate reflects our commitment to backing high-quality developments that deliver both strong returns and long-term value to investors. Our success with Azure Lamara project is a testament to this strategy, and we are proud to see that momentum continue with the Lamara launch."
Argaam
11-05-2025
- Business
- Argaam
SAB Invest Launches Saudi Arabia's First Quantitative ETF
Logo of SAB Invest SAB Invest today announced the launch of the SAB Invest Saudi Quant ETF, Saudi Arabia's first exchange-traded fund built on a quantitative investment strategy. This milestone introduces a new generation of ETFs designed specifically for the Saudi market, adapted from an HSBC model that has managed over USD 34 billion globally, shifting from traditional index tracking to a systematic, data-driven approach. The SAB Invest Saudi Quant ETF uses rules-based modelling to identify market inefficiencies and construct a diversified, Sharia-compliant portfolio based on value and momentum factors. The fund targets companies with attractive valuation and strong momentum characteristics, combining advanced data analysis with disciplined portfolio construction. Over a decade of back-testing supports the approach, indicating potential for enhanced returns, improved diversification, and reduced concentration risk compared to traditional benchmarks. A Timely Response to Market Demand Key benefits of the SAB Invest Saudi Quant ETF include: - Broad Market Exposure: With diversified Sharia-compliant holdings across various industries, the fund provides access to a wide swath of the Saudi economy beyond large-cap benchmarks. - Alignment with Saudi Vision 2030: The launch of the quant strategies and the ETF is a contribution to the development and innovation within the investment management industry and financial sector. - Systematic Opportunity Capture: The quantitative methodology identifies companies with favourable characteristics to capture excess returns in the Saudi market. The launch comes at a time of increasing interest in quantitative strategies globally and a growing demand for efficient, transparent investment vehicles within Saudi Arabia. With robust regulatory frameworks, a strong IPO pipeline, and the macroeconomic stability afforded by sound government policies, the local market offers a compelling environment for such innovation. SAB Invest Chief Investment Officer Osama Alowedi said: 'As the first mover in the quantitative ETF space in the Kingdom, SAB Invest aims to meet the needs of a diverse investor base and attract foreign investment into the Kingdom while advancing innovation and analytical depth in the Saudi financial ecosystem.' The SAB Invest Saudi Quant ETF is now publicly listed and available through Tadawul. About SAB Invest SAB Invest is an independent investment subsidiary fully owned by the Saudi Awwal Bank (SAB). It works to become a leading provider of innovative investment management solutions for both private and institutional clients, delivering top quality products and services throughout the Kingdom of Saudi Arabia.
Bloomberg
07-05-2025
- Business
- Bloomberg
HSBC-Backed Firm Launches Saudi Arabia's First Quant ETF
Saudi Awwal Bank 's investment arm SAB Invest has launched the kingdom's first quantitative exchange-traded fund as the Gulf nation seeks to diversify its capital markets and attract foreign investors. The ETF began trading on Monday, with a plan to raise $100 million this year from institutional and retail investors to invest in companies listed on the Saudi stock exchange, according to Osama Alowedi, chief investment officer at SAB Invest. The fund tracks local equities.
