‎Alistithmar Capital, Ezdihar acquire Jeddah Cove for SAR 1.1B

‎<p ><img src="https://argaamplus.s3.amazonaws.com/d7aef8f9-0404-44aa-8637-3249f374726c.png" ></p> <p class="ckeCaption" ><!--StartFragment-->The signing of the agreement<!--EndFragment--></p> <hr> <p ><span ><span >Investment Securities and Brokerage Company "<a href="https://www.argaam.com/en/tadawul/tasi/alistithmar-for-financial-securities-and-brokerage" target="_blank">Alistithmar Capital</a>", the investment arm of the <a href="https://www.argaam.com/en/tadawul/tasi/saib" target="_blank">Saudi Investment Bank</a>, announced the launch of a real estate fund investing in the commercial sector. The project is located in Jeddah, stretching one kilometer along the Jeddah Corniche, on a 140,000 square meter plot of land, surrounded by world-class hotels and close to major tourist attractions.</span></span></p> <p ></p> <p ><span ><span ><a href="https://www.argaam.com/en/tadawul/tasi/alistithmar-for-financial-securities-and-brokerage/organizationemployhistory/khaled-bin-abdulaziz-al-rayes/3921" target="_blank">Mr. Khaled bin Abdulaziz Alrayes</a>, CEO of Alistithmar Capital, explained that the company is continuing its expansion plans in the real estate market by launching a prestigious waterfront destination on the Jeddah Corniche in partnership with </span></span>Ezdihar<span ><span >Real Estate Development Company. The project aims to offer a luxurious and high-quality leisure and commercial experience, reflecting modern real estate development trends in Jeddah. In response, Mr. Abdulmohsen bin Fawaz Al-Hokair, CEO of </span></span>Ezdihar<span ><span >Real Estate Development Company, commented that through their strategic partnership with Alistithmar Capital, they aim to develop a commercial and entertainment destination that reflects Jeddah's status as one of the most prominent tourist destinations in the Kingdom of Saudi Arabia.</span></span></p> <p ></p> <p ><span ><span >It is worth noting that Alistithmar Capital is a closed joint-stock company licensed by the Capital Market Authority of the Kingdom of Saudi Arabia to conduct activities as a principal and agent, underwrite, manage investment funds, manage client portfolios, arrange, advice, and safeguard securities. It is a wholly owned subsidiary of Saudi Investment Bank.</span></span></p> <p ></p> <p ><span ><span ><img src="https://argaamplus.s3.amazonaws.com/4ca98de6-12d8-46a6-8cb9-d8b04da1c38e.png" ></span></span></p>

Publication

Argaam - Main News · Trade Publication

Published

31st August 2026

Original report

argaam.com

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