News Details - anbcapital

18 Nov, 2024
anb capital signs an MoU with Saudi Tharwa Company to act as the Developer for approximately SAR 2 billion Real Estate Investment Fund
anb capital is pleased to announce the signing of an MoU with Saudi Tharwa Company (“Saudi Tharwa”), appointing Saudi Tharwa as the developer for a real estate investment fund valued at approximately SAR 2 billion which will be managed by anb capital.
The fund aims to develop infrastructure over 4.2 million square meters of land in Eastern Riyadh. As fund manager, anb capital will oversee the fund’s assets which include land plots located in the Al-Sharq neighborhood. These land plots present a prime opportunity for future development projects, particularly in the residential and mixed-use real estate sectors. anb capital selected Saudi Tharwa for its expertise and proven track record in managing infrastructure projects.
Khalid Al-Ghamdi, CEO of anb capital, added: “This partnership aligns with the Kingdom’s vision to diversify the economy and enhance the quality of life for its citizens. By developing modern infrastructure and vibrant communities, we are contributing to the Kingdom’s goal of increasing home ownership to 70% by 2030. We are committed to creating innovative financial solutions that generate substantial returns for our investors while fostering sustainable growth across the Kingdom..”
Mr. Abdullah Al-Abdulkarim, Acting CEO of Saudi Tharwa, commented: “This collaboration with anb capital demonstrates Saudi Tharwa's unwavering commitment to contribute to creating innovative projects within the Kingdom. Our goal is to build and develop communities according to the highest international standards, thereby participating in the achievement of the Kingdom's Vision 2030. We continually seek fruitful partnerships and strive to establish strong connections with leading organizations in the Kingdom of Saudi Arabia”.
anb capital is a leading Saudi capital market institution that offers its clients brokerage, investment management, investment advisory, investment banking, real estate and private equity services. Its clientele includes institutions, corporates, HNWI and retail investors. anb capital has gained momentum in recent years with the completion of high-profile advisory transactions, the launch of innovative investment funds and the expansion of its alternative investments offerings.
The fund aims to develop infrastructure over 4.2 million square meters of land in Eastern Riyadh. As fund manager, anb capital will oversee the fund’s assets which include land plots located in the Al-Sharq neighborhood. These land plots present a prime opportunity for future development projects, particularly in the residential and mixed-use real estate sectors. anb capital selected Saudi Tharwa for its expertise and proven track record in managing infrastructure projects.
Khalid Al-Ghamdi, CEO of anb capital, added: “This partnership aligns with the Kingdom’s vision to diversify the economy and enhance the quality of life for its citizens. By developing modern infrastructure and vibrant communities, we are contributing to the Kingdom’s goal of increasing home ownership to 70% by 2030. We are committed to creating innovative financial solutions that generate substantial returns for our investors while fostering sustainable growth across the Kingdom..”
Mr. Abdullah Al-Abdulkarim, Acting CEO of Saudi Tharwa, commented: “This collaboration with anb capital demonstrates Saudi Tharwa's unwavering commitment to contribute to creating innovative projects within the Kingdom. Our goal is to build and develop communities according to the highest international standards, thereby participating in the achievement of the Kingdom's Vision 2030. We continually seek fruitful partnerships and strive to establish strong connections with leading organizations in the Kingdom of Saudi Arabia”.
anb capital is a leading Saudi capital market institution that offers its clients brokerage, investment management, investment advisory, investment banking, real estate and private equity services. Its clientele includes institutions, corporates, HNWI and retail investors. anb capital has gained momentum in recent years with the completion of high-profile advisory transactions, the launch of innovative investment funds and the expansion of its alternative investments offerings.
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anb capital Company (CJS) is authorized by the Capital Market Authority Number 07072-37 Unified number 7001548267. P.O. Box: 220009 Riyadh 11311 Kingdom of Saudi Arabia.

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