Areeb Capital Secures SR5.8 Billion Financing Agreement with Saudi National Bank
In a bold move, Areeb Capital, a standout player in real estate fund management, has just inked a game-changing financing deal with the Saudi National Bank (SNB) worth a whopping SR5.8 billion.
This monumental agreement is set to turbocharge the company’s financial prowess as it embarks on its ambitious investment ventures within the Saudi real estate market.
Positioned as a strategic leap forward, this partnership underscores Areeb Capital’s dedication to broadening its investment portfolio and spearheading groundbreaking real estate projects tailored to the local market’s demands, all while delivering lucrative returns for investors and solidifying its position as a top-tier asset management firm in the real estate funds arena.
Areeb Capital has made it clear that this deal is a testament to the unwavering trust that leading banks in the Kingdom, spearheaded by the Saudi National Bank, have in its exceptional performance and capability to oversee and execute remarkable investment initiatives, especially in emerging real estate sectors.
With its headquarters situated in Riyadh, Areeb Capital stands tall as a powerhouse in real estate asset management, boasting assets under management surpassing SR20 billion.
Under the watchful eye of the Saudi Capital Market Authority (License No. 30-08119), the company is laser-focused on providing cutting-edge investment solutions that fuel the growth of the real estate sector in the Kingdom.
