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Assas Makkiyah Signs Agreement to Establish Real Estate Fund for Land Development in Riyadh
Asas Makeen announced the signing of a framework agreement to establish a real estate investment fund aimed at developing land it owns in the Al Hamra neighborhood of Riyadh, covering an area of approximately 3,834 square meters. MIFC Capital (Middle East Investment Finance) will prepare the investment structure and complete the regulatory procedures, while Benaa Al Tharwa Financial Investment will handle the distribution of the fund units. The company expects a positive financial impact on its results during 2026 and 2027, following the completion of the establishment procedures and the signing of the final agreements.
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