Riyadh Development Company has completed a real estate transaction by selling 35% of land owned by it in Riyadh for SAR 401 million, where the fund's acquisition price of the land was valued at SAR 382 per square meter.

Riyadh Development Company announced last March the completion of its participation in the first Riyadh Development Real Estate Fund established by Alinmaa Investment Company (the fund manager). Last March, Riyadh Tameer Company announced the completion of its subscription to the Riyadh Tameer Real Estate Fund I established by Alinmaa Investment Company (Fund Manager) with an in-kind stake equivalent to 50% of its ownership in the land owned by 85% in Riyadh.

Riyadh Tameer Company announced the completion of its subscription to Riyadh Tameer Real Estate Fund I established by Alinmaa Investment Company (Fund Manager).