m parcel of land at King Saud University in Riyadh.

The partnership aims to boost investors' capital growth by obtaining usufruct rights to the land and creating revenue-generating opportunities.

Alistithmar Capital's CEO, Khaled Abdulaziz Al-Rayes, stated that the collaboration seeks to pursue shared objectives in real estate and provide tailored investment opportunities.

Abdulmohsen Fawaz Al-Hokair, CEO of Ezdihar, announced their commitment to providing high-quality real estate investment opportunities through carefully crafted funds.

This approach aims to maximize benefits and returns.

In partnership with Alistithmar Capital, they plan to offer unique investment chances in the real estate sector.

Their recent collaboration was preceded by Alistithmar's agreement with Safa Investment Co. in March 2023 to launch multiple real estate funds, with an initial reserve of $292.9 million.

Two companies have announced a cooperation to support the Kingdom of Saudi Arabia's growth in the property sector, with a focus on residential spaces in central cities, particularly Riyadh.

They plan to acquire land in targeted areas and develop high-quality residential complexes for sale.

Alistithmar Capital, one of the companies involved, is ranked 6th among the largest asset management firms in Saudi Arabia and 11th in the Middle East, with approximately SR32 billion in total assets under management.