Under the Patronage of the Minister of Municipalities and Housing, Albilad Capital Signs Agreements Exceeding 16 Billion SAR at Cityscape Global Exhibition

Riyadh – November 18, 2025

Albilad Capital announced a series of agreements at the Cityscape Global Exhibition in Riyadh, under the patronage of His Excellency the Minister of Municipalities and Housing, Engineer Majed bin Abdullah AlHogail. The announcement included the signing of several agreements aimed at enhancing the company's contribution to real estate investment and structuring diverse, unique products that meet the aspirations of the investment community, support the financing of high-quality projects, and, in detail:

Albilad Capital unveiled the launch of the "Makkah Vision Real Estate Fund" project, which has acquired the Kudwa area in the AlMesfelah neighborhood to develop infrastructure works aimed at improving the urban environment and enhancing quality of life in Makkah AlMukarramah. The fund's size is approximately 11 billion SAR, with Thakher Company handling development and marketing, and the Royal Commission for Makkah City and the Holy Sites as the fund's sponsor. The project spans an area exceeding 686,000 square meters in the AlMesfelah neighborhood, just 800 meters from AlMasjid AlHaram, with a multi-use master plan connected to several main roads and wide pedestrian paths linking the project's components.

On another front, Albilad Capital announced the launch of Albilad Real Estate Fund II, a diversified real estate fund valued at 4.4 billion SAR, with Safa Investment Company and Rasf Investment Company forming the developer alliance for the project. The fund has acquired a plot of 229,000 square meters in the Qurtubah neighborhood in Riyadh to develop a high-quality, multi-use project that is unique in its comprehensive coverage of all asset classes, including residential, commercial, office, and hotel units, along with supporting facilities.

In line with the expansion into high-quality projects, Albilad Capital signed a memorandum of understanding with Tilal Real Estate Company to develop a plot in AlKhobar city spanning nearly 100,000 square meters, with an estimated financial cost of 1.2 billion SAR, to create a multi-use destination including residential and commercial units, offices, and luxury hotels under the global 25hours brand. This project is expected to contribute to urban development in the Eastern Region and meet the growing demand for modern and innovative projects.

On this occasion, Mr. Zaid bin Mohammed AlMufarih, CEO of Albilad Capital, said: "We continue at Albilad Capital to implement our strategy aimed at structuring innovative financing products to contribute to the investment and financing of high-quality development projects that add value to the national economy and meet investors' aspirations. The announcements at today's Cityscape Global Exhibition represent an extension of our approach to launching pioneering initiatives, whether through investment in major real estate projects or offering innovative investment products that align with the changing investment environment and the evolution of the Saudi market. We are proud of our strategic partnerships and our ability to manage real estate assets approaching 21 billion SAR, reflecting the confidence of our partners and investors in our performance strength and investment ecosystem efficiency."

Albilad Capital continues to solidify its presence in real estate investment through its high-quality projects, including the Real Estate Projects Fund in partnership with AlMutawir Investment Company for the Laysen Valley project, the first Albilad Hotel Fund that includes the Mövenpick Hotel in Riyadh, and the Albilad Tourism Fund in partnership with the Tourism Development Fund that includes the Rixos Murjana Hotel in King Abdullah Economic City in Rabigh.