SEDCO Capital sells Al Jazirah Residential Complex in Riyadh for SAR 100,750,000, realizing significant returns on investment.

Information on the Target

The Al Jazirah Residential Complex, located in Riyadh, Saudi Arabia, has recently been sold by the Saudi Economic and Development Securities Company (SEDCO Capital) through its management of the SEDCO Capital REIT Fund. The sale agreement, finalized on 29 December 2025, has established a transaction value of SAR 100,750,000, excluding Real Estate Transaction Tax and associated fees.

Initially acquired in May 2018 for SAR 67,465,000, this sale represents a significant increase in value, approximately 49% over the acquisition price. As of June 30, 2025, the property’s book value stood at SAR 63,796,213, indicating a projected gain of roughly 55%. The total rental revenues generated since its acquisition have reached SAR 53,288,149, illustrating the property’s strong income-producing capabilities.

Industry Overview

Saudi Arabia's real estate sector has been experiencing steady growth, driven by increased urbanization and government initiatives aimed at boosting housing availability. The kingdom has been working to diversify its economy, moving away from oil dependency