anb capital announces the signing of a development management agreement with Sumou Real Estate Company for lands located in Al-Qadsia, Al-Rimal, and Al-Janadriyah districts in Riyadh, for the benefit of a fund managed by anb capital.

The project will be developed on land plots with a total area of 1,831,571.81 square meters, with Sumou Real Estate Company undertaking the infrastructure development management of the project.

In consideration of the infrastructure development management works, Sumou Real Estate Company will receive a fee equivalent to 10% of the project’s actual direct costs.

Mr. Khalid bin Saleh Alghamdi, CEO of anb capital, commented:
“While economic conditions continue to demand discipline and prudence, the Kingdom’s real estate sector remains fundamentally strong, supported by structural demand, regulatory clarity, and a long‑term national vision. Our approach has been deliberately measured. In an environment where capital is more selective, we see this as an opportunity to focus on quality assets, and strong development partners. We are confident that anb capital platform offers investors sustainable returns and a transparent, well‑structured exposure to one of the most compelling real estate markets in the region.”