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مباشر
Ammar and Al Rajhi plan 1bn riyal real estate funds
Enmaa Development and Real Estate Investment Company announced the signing of a memorandum of understanding with Al Rajhi Financial to study the establishment of three real estate investment funds with a total targeted value of up to one billion riyals. The memorandum aims to establish a framework for cooperation, conduct necessary studies and evaluations—including financial and technical assessments—and obtain the relevant regulatory approvals. This process is expected to take 120 days, extendable if needed. To date, there are no immediate financial impacts from this agreement, and the final financial effect will depend on the outcomes of the studies and the associated implementation steps.
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