SEDCO Capital has acquired an office complex in Riyadh for SAR 135 million, enhancing its real estate portfolio with stable long-term income potential.

Information on the Target

SEDCO Capital has successfully secured a purchase agreement for an office complex in Riyadh, further expanding its real estate portfolio. This acquisition, approved by the Fund’s Board of Directors, concerns a property located on King Abdulaziz Road in the Al-Yasmin District, featuring a net leasable area of 5,420 square meters.

The property, valued at SAR 135 million (excluding additional acquisition-related fees), is leased to a government entity under a long-term, single-tenant contract. This arrangement guarantees stable occupancy and a long-lasting revenue stream for the Fund, further enhancing its investment profile.

Industry Overview in Saudi Arabia

The real estate sector in Saudi Arabia has shown significant growth in recent years, particularly in urban areas such as Riyadh. The government’s commitment to Vision 2030 has spurred investments aimed at diversifyi