In a strategic partnership between AlAhli Capital and Al Rumz Real Estate, the two entities have launched the AlAhli Al Rumz Qurtuba Real Estate Fund, a Shariah-compliant private investment fund valued at SAR 3.5 billion. The fund aims to develop a landmark mixed-use project in northeast Riyadh, following the acquisition of a 228,000-square-meter land plot.

The project is strategically located near Roshn Front, and in close proximity to King Khalid International Airport, Princess Nourah bint Abdulrahman University, Imam Mohammad ibn Saud Islamic University, and Park Avenue, enhancing its investment appeal and positioning it as a promising destination for residential, commercial, and hospitality activities.

The development will feature a diverse mix of residential, commercial, and office units, along with hotels, under a five-year master development plan covering a total built-up area exceeding 750,000 square meters, of which more than 388,000 square meters are leasable spaces.

This strategic partnership between Al Rumz Real Estate Development and AlAhli Capital reflects the joint commitment of both entities to advancing urban and economic growth in Riyadh, in alignment with the goals of Saudi Vision 2030, by creating integrated and sustainable urban environments.

AlAhli Capital, a licensed entity by the Capital Market Authority (CMA), is a leading regional financial institution headquartered in Saudi Arabia. The company has deep expertise across five key areas: asset management, wealth management, securities brokerage, investment banking, and private equity. As of December 2024, it held the largest market share in the Saudi financial market and was the largest asset manager in the Kingdom, with assets under management reaching SAR 239 billion (USD 63.73 billion).