Alistithmar Capital, the investment arm of The Saudi Investment Bank, has signed a Memorandum of Understanding with Ezdihar Real Estate to establish a SAR 2 billion real estate fund focused on the residential sector in Riyadh.

The fund aims to deliver capital appreciation and annual distributions to unitholders over the medium to long term. It will develop a 155,641 square meter land plot located within King Saud University’s campus in Riyadh into an integrated residential community. The project is expected to comprise approximately 1,500 leasable residential units, in addition to a range of supporting facilities and services.

Khaled Abdulaziz Alrayes, Chief Executive Officer of Alistithmar Capital, stated: "that the partnership reflects a shared commitment to advancing Riyadh’s urban landscape through high-quality developments that enhance quality of life and support the capital’s continued growth."

He added that Alistithmar Capital remains focused on identifying value-driven investment opportunities in the real estate sector by structuring tailored real estate funds aligned with each project’s objectives, with the aim of optimizing value and maximizing returns for investors.

Abdulmohsen Alhokair, Chief Executive Officer of Ezdihar Real Estate, described the partnership as a strategic step toward delivering leading residential projects that strengthen Riyadh’s development trajectory and align with its long-term ambitions for sustainable growth.

It is worth noting that Alistithmar Capital is a closed joint stock company licensed by the Capital Market Authority in the Kingdom of Saudi Arabia to carry out the activities of dealing as principal and agent, underwriting, managing investment funds, managing client portfolios, arranging, advising, and custody in securities business. It is one of the companies owned by 100% to the Saudi Investment Bank.