SEDCO Capital has signed an MOU to acquire a diversified real estate portfolio worth approximately SAR 750 million, enhancing its investment strategy in Saudi Arabia's growing real estate sector.

Target Overview

The Saudi Economic and Development Securities Company (SEDCO Capital), acting as the Fund Manager for the SEDCO Capital REIT Fund, has signed a memorandum of understanding on February 12, 2025, to acquire a diversified portfolio of assets from a single seller. This portfolio consists of fully developed, income-generating properties, encompassing a total land area of approximately 152,083 square meters and a built-up area of 142,260 square meters.

The targeted assets are strategically located across several prominent cities in the Kingdom, including Riyadh, Al Khobar, Dammam, Hafar Al-Batin, Al Ahsa, and Abha. This diverse mix features office and retail properties that boast an impressive average occupancy rate of 98.78%, with an average lease expiry term extending up to seven years.

Industry Overview in Saudi Arabia

Saudi Arabia's real estate sector has experienced significant growth in recent years, driven by several economic reforms and infrastructure developments as part of Vision 2030. This strategic initiative aims to diversif