SEDCO Capital is set to acquire the Palm View Complex in Riyadh for SAR 650 million, enhancing its real estate portfolio with a strategic long-term lease agreement.

Target Information

SEDCO Capital has entered into two non-binding memoranda of understanding for the acquisition of four office complexes in Riyadh, as per their announcement dated 03 Dhul-Qi’dah 1446H, corresponding to 01 May 2025. Of particular interest is the Palm View Complex, which will be the first property acquired following the conclusion of the purchase agreement on 08 Dhul Hijjah 1446H, corresponding to 04 June 2025.

Located in Al-Diriyah, the Palm View Complex offers a total leasable area of 20,839 square meters and is expected to fetch an acquisition value of SAR 650 million, aside from any acquisition-related fees. This property will play a significant role in enhancing SEDCO Capital’s real estate portfolio and aligning with its strategic objectives.

Industry Overview

The real estate sector in Saudi Arabia, particularly in Riyadh, has witnessed significant growth and evolution in recent years. Driven by the government’s Vision 2030 initiative, there has been a substantial increase in both