Alternative Investments

Kingdom Holding Company sells the “Kingdom City” to Alawwal Investment Co. for SAR 900 million & will participate in the new fund that owns “Kingdom City”

20 February 2024 / 1 min read

Kingdom Holding Company announces the sale of the Kingdom City Residential Compound in the Al Rabie district of Riyadh to a real estate investment fund affiliated with Alawwal Investment Company for SAR 900 million.

Kingdom Holding Company will participate in the new fund that will own the Kingdom City Residential Compound, and will announce its ownership percentage at a later date. The fund’s strategy is to grow the compound’s revenues and improve quality of life by enhancing operational efficiency.

The Kingdom City Residential Compound comprises 384 residential units and is located at the intersection of Thumamah Road and King Abdulaziz Road, near the King Abdullah Financial District (KAFD), the Sports Boulevard project, King Salman International Airport, and ROSHN Front. The compound’s name will remain unchanged after the sale.

20 February 2024

Kingdom Holding Company sells the “Kingdom City” to Alawwal Investment Co. for SAR 900 million & will participate in the new fund that owns “Kingdom City”

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