Asbar Capital and Ladan Investment Company have signed an agreement to develop a qualitative real estate project in Riyadh valued at an estimated SAR 339 million.

The development is situated on Prince Mohammed bin Salman Road within the Al-Munsiyah District of the capital. The signing was conducted by Salem Baabid, Chief Executive Officer of Asbar Capital, and Dr Hassan Al-Hazmi, Chief Executive Officer of Ladan Real Estate Developments.

The agreement took place under the supervision of Abdullah Al-Shammari, Vice Chairman of the Board of Directors at Asbar Capital, alongside Sulaiman Al-Batli, Vice Chairman of the Board of Directors at Ladan Real Estate Development Company.

Asbar Capital welcomed the partnership, stating that it looks forward to the project delivering a qualitative addition to the capital’s urban landscape in alignment with the economic objectives of Saudi Vision 2030.