Al Saidan Real Estate has appointed Abdullatif Almuhaideb as Chief Executive Officer to lead its next growth phase. The strategic move coincides with the rollout of the company's ATRIUM 2026-2030 roadmap, which aims to improve operational efficiency and scale high-quality developments. Almuhaideb brings over 15 years of industry experience to the role.
Direct commercial lender X-Caliber Capital Holdings has closed an additional $131 million Rural PACE-X financing deal for Phase II of Marcella Landing in Park City, Utah. Developed by Reef Capital Partners, the ultra-luxury ski community has now received $313.2 million in total funding from X-Caliber. The capital will fund a second phase of townhomes and supporting infrastructure at Deer Valley East Village.
Greystone has arranged $105.8 million in Freddie Mac refinancing for two multifamily residential communities in El Cajon, California. The loan package covers 476 apartment units across Colonnade at Fletcher Hills and Forest Park at Fletcher Hills. The deal was secured on behalf of borrower Bridge Investment Group, with debt financing efforts led by Spencer Dunlop alongside correspondent bank BMO.
Private equity firm Blackstone has agreed to finance the purchase of HSBC’s Australian home loan portfolio, valued at A$36 billion (US$25 billion). The deal stands as the largest mortgage portfolio transaction globally. Non-bank lender Pepper Money will handle local loan servicing, ensuring a smooth transition for existing banking clients while expanding Blackstone's Asian credit operations.
Brookfield Corporation has achieved a $2 billion initial close for its new Middle East-focused private equity fund. Anchored by Saudi Arabia’s Public Investment Fund, Brookfield Middle East Partners will target high-growth markets across the region, directing half of its investments toward Saudi Arabian businesses. The initiative aims to deepen local capital markets and expand regional financing options across key commercial sectors.
Saudi Arabia's Public Investment Fund (PIF) and the Export-Import Bank of the United States (EXIM) have signed a Memorandum of Understanding establishing up to $15 billion in long-term export credit. The framework will allow eligible PIF portfolio companies to purchase goods and services from American suppliers. The agreement focuses on key sectors including technology, aerospace, infrastructure, and critical minerals to build stronger cross-border supply chains.
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