Riyad Capital, one of Saudi Arabia’s largest asset managers and a leading company in real estate investment, has signed an agreement to establish a $400-million real estate fund in partnership with Princess Munira bint Abdullah bin Faisal Al Saud and Naif AlRajhi Investment Company.

The fund will develop Riyadh’s Dar Al Salam project, which spans an area of 32,000 sq m and is designed as a mixed-use development comprising hospitality, office, residential, and retail components. The project is classified as a transit-oriented development (TOD).

Located approximately 250 m from Al-Takhassusi Metro Station, the project is set to support the development of an integrated and sustainable destination that enhances quality of life and addresses the growing demand for high-quality developments in Riyadh.

This partnership with Princess Munira and Naif AlRajhi Investment Company reflects an integrated model that combines development expertise with investment management capabilities, enabling the delivery of a project that elevates the concept of mixed-use developments and aligns with evolving market expectations. 

“This fund is part of our strategy to offer carefully structured investment opportunities built on strong fundamentals, enhancing value for investors. The project also represents Riyad Capital’s fourth transit-oriented development project and contributes to supporting the objectives of Saudi Vision 2030, particularly in urban development and improving quality of life,” said Abdullah Abdulrahman Alshwer, CEO of Riyad Capital.

This project falls within Riyad Capital’s broader strategy to offer exceptional investment opportunities in the real estate sector and reinforce its position in highly competitive and strategic developments.