Hamad bin Saidan launches 325m Riyal real estate fund

Hamad Mohammed Bin Sayedan Real Estate Company announced the signing of a non-binding Memorandum of Understanding with Bloom Saudi Investment Company to establish a real estate fund named "H S Logistics Fund" with an initial total value of 325 million riyals. The fund aims to acquire land in Riyadh covering approximately 130.28 thousand square meters, and develop it into logistics projects that include dry and refrigerated warehouses, then operate, market, and sell these assets as income-generating assets within three years, with the possibility of a two-year extension. The offering process will be conducted privately, proposed for November/December 2026, subject to approval by the Capital Market Authority, and currently, there is no financial impact on the company.

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