"Olaya Holding" signs an agreement to establish a real estate fund for the promising project of Olaya Walk

Today, Thursday, 5/23/1442 AH, Olaya Holding Company announced the signing of an agreement to establish a private real estate fund for “Olaya Walk”, with Arib Financial Group, in the presence of Eng. Khaled Al-Jabri, CEO of Arib Financial Group, and Dr. Mohamed Al-Jabri. Investment Banking Officer, Mr. Abdulrahman Al Muhaidib, Member of the Board of Directors of Arib Fund for Development, Mr. Nayef Bin Saedan, Chief Executive Officer of Alia Holding, Ms. Dania bin Saedan, Vice President of the Business Sector, and Mr. Muhammad Al Muhaidif, Investment Management Advisor.

 

Olaya Walk, located in the city of Jeddah, in the Hamdaniya region, with its pioneering location, near King Abdulaziz International Airport and Al Jawhara Stadium, is a development project with a modern luxury destination, blending marketing with entertainment, in a real estate package that supports domestic tourism.

 

For his part, Mr. Nayef bin Saedan explained that the agreement would support the creation and structuring of a real estate investment opportunity, which constitutes an added value to the movement of real estate development in the Kingdom, and the Kingdom's 2030 vision for quality of life, indicating their relentless pursuit to offer a variety of recreational facilities, in their upcoming work. .