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SNB Capital launches SAR 1 billion fund offering exposure to new real estate projects in Diriyah.
SNB Capital, the largest asset manager in Saudi Arabia, in collaboration with Al-Shegrey Investment Group, has launched the Al-Ahli Al-Basateen Real Estate Fund, that will provide investors with exposure to key office and commercial real estate projects in the Al-Basateen District of Diriyah governate.
The SAR 1 billion fund is linked to two projects located on King Khalid Road and Imam Saud bin Faisal Road, both being developed by Al-Basateen Real Estate Company. Al-Basateen Offices covers an area of 25,072 square meters, offering over 30,000 square meters of office space. Palm Sultana, meanwhile, covers an area of 10,326 square meters, and will provide up to 13,000 square meters of commercial and office rental spaces.
"We are proud of this partnership, which represents a new milestone in developing unique and high-quality projects that cater to the growing demand for the office and the commercial sectors in Riyadh,” said Abdulaziz Khalid Al-Shegrey, CEO of Al-Basateen Company. “This project will serve as an exemplary model for the integration of modern designs, cultural identity, and the authentic architectural heritage of the Kingdom. We aim to leverage the plentiful opportunities opened by Saudi Vision 2030 to enhance the real estate sector and elevate its products."
The launch of the new fund is a response to the growing demand for high quality office and commercial real estate in the capital city, which has helped to make the Kingdom’s real estate sector one of the most dynamic in the region.
“This step is motivated by our deep belief in the importance of empowering and developing the real estate sector, which is witnessing a remarkable boom as one of the promising sectors with an essential role in achieving the goals of Saudi Vision 2030. It also reflects our commitment to empowering investors and providing them with the skills and investment products necessary to achieve growth and prosperity, and we are proud to be an active element in this project,” said SNB Capital CEO, Rashed Sharif.
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Ministry of Environment, Water and Agriculture Launches the “Namaa” Endowment Fund and Appoints SNB Capital as Fund Manager
The Ministry of Environment, Water and Agriculture has launched the “Namaa” Endowment Fund, an investment fund offered through a public offering and compliant with Sharia standards, with its units endowed to support nonprofit entities operating across the Kingdom’s environment, water, and agriculture ecosystem.
SNB Capital has been appointed as the fund manager, in a step that reinforces its pivotal role in developing the endowment sector by contributing to its transformation into a sustainable investment model.
The launch of the “Namaa” Endowment Fund aligns with the objectives of Vision 2030, as it aims to increase the contribution of the nonprofit sector to GDP and support the sustainability of the environment, water, and agriculture ecosystem. It also aims to channel capital toward environmental and developmental projects with measurable impact by preserving the endowment’s capital and reinvesting its returns.
This initiative reflects SNB Capital’s commitment to advancing the endowment sector through modern financial management tools that improve efficiency, reinforce economic impact, and deliver sustainable value in line with the goals of Saudi Vision 2030.
SNB Capital and Investcorp Announce Strategic Partnership
SNB Capital announces a strategic partnership with Investcorp Saudi Arabia Financial Investments Company (Investcorp), focused on cooperation across asset management, investment banking, and wealth management.
The partnership brings together SNB Capital’s strong investment banking expertise and capabilities in fund structuring and development with Investcorp’s global investment platform and deep experience across alternative asset classes.
The aim of the collaboration is to originate and capitalize on investment opportunities in Saudi Arabia and internationally, spanning private equity, real assets, and credit.
SNB Capital’s partnership with Investcorp allows the group to access compelling opportunities in priority sectors, support capital formation, and contribute meaningfully to the Kingdom’s ongoing economic transformation.
As Saudi Arabia’s growth accelerates, sectors such as technology, logistics, healthcare, and infrastructure are experiencing rapid expansion, creating compelling opportunities for strategic capital deployment that support long-term economic diversification, resilience, and global competitiveness.
Leveraging deep local market expertise, strong regulatory engagement, and a proven track record of structuring and executing landmark transactions, SNB Capital supports the advancement of Saudi Arabia’s capital markets, in line with the Kingdom’s Vision 2030 objectives.
