anb capital, the investment arm of Arab National Bank (anb), announced that two real estate funds under its management have acquired raw land in a distinguished location on King Khalid Road in Al Khobar, with a total area of 1.7 million square metres and an investment exceeding SAR 800 million.

Located on King Khalid Road, one of the Eastern Province’s main arterial routes, the land has a strategic location that makes it an ideal one for mixed-use developments, to meet the growing demand for residential and commercial spaces in the region.

This acquisition reflects anb capital’s commitment to the diversity of its real estate investment portfolio and developing modern urban communities that support the Eastern Province’s rapid economic growth.