Riyadh – Sharikat Mubasher: Safa Investment Company and Investment Capital, the investment arm of Saudi Investment Bank, announced the signing of a cooperation agreement to launch a number of real estate investment funds.

These funds aim to focus on real estate development in major cities of the Kingdom, particularly Riyadh with a targeted size of up to 1.1 billion Saudi riyals, according to a recent press release.

The main objective of the planned funds is to enhance investor capital growth by acquiring various-sized developed plots in targeted geographical areas.

Moath bin Ahmed Al Zaid, CEO of Safa Investment Company, explained that the agreement aims to establish and introduce several real estate investment funds to bridge the gap between supply and demand in the real estate market.

These projects will focus on strategic and vital areas in Riyadh and other cities, aligning with the company's strategy to provide exemplary products that meet the aspirations of all segments of society.

On the other hand, Khalid bin Abdulaziz Al Rees, CEO of Investment Capital, stated that the company continues to seek attractive real estate investment opportunities for investors interested in the real estate market.