Saudi Arabia's Public Investment Fund and global investment manager I Squared Capital have signed a memorandum of understanding. The agreement outlines plans for I Squared to invest up to $2 billion in real estate and infrastructure assets owned by the sovereign wealth fund and its portfolio companies, focusing heavily on digital infrastructure and district cooling systems across the Kingdom.
The developer of Riyadh’s landmark business district, KAFD DMC, has secured a SAR 12 billion senior-secured Murabaha funding facility. Spanning a 15-year term, this marks the company’s first independently raised debt package. Arranged by Al Rajhi Capital alongside a syndicate of ten local and regional banks, the oversubscribed facility will fund further commercial asset delivery and infrastructure expansion across the premier financial hub.
The Public Investment Fund of Saudi Arabia has signed a non-binding agreement with Talaat Moustafa Group Saudi for Real Estate Development. The partnership intends to explore mixed-use property opportunities across the asset portfolio of the wealth fund. This initiative directly supports the newly launched urban development and livability ecosystem within the strategic 2026-2030 roadmap of the sovereign fund.
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