Riyadh, Saudi Arabia: Areeb Capital, a leading real estate fund management company, has announced the signing of a significant financing agreement with the Saudi National Bank (SNB) valued at SAR 5.8 billion. This agreement aims to bolster Areeb Capital’s financing capabilities for its ambitious investment projects within the Saudi real estate market.

The deal marks a strategic move that supports Areeb Capital’s efforts to broaden its investment portfolio and develop innovative real estate projects to meet the needs of the local market. This initiative is expected to yield lucrative returns for investors and enhance Areeb Capital’s position as a prominent asset management company in the real estate funds sector.

Areeb Capital has stated that this agreement underscores the confidence that leading banks in the Kingdom, particularly the Saudi National Bank, have in its efficient performance and capacity to manage and execute significant investment projects, especially in emerging real estate sectors.

Headquartered in Riyadh, Areeb Capital is a major player in real estate asset management, with assets under management exceeding SAR 20 billion. Regulated by the Saudi Capital Market Authority under License No. 30-08119, the company is committed to providing innovative investment solutions that foster the development of the real estate sector in the Kingdom.

Areeb Capital specializes in offering innovative real estate investment solutions and products with a global perspective. The company caters to institutions, family businesses, and high-net-worth individuals, providing Sharia-compliant investment opportunities based on a thorough understanding of client needs and associated risk factors.