Dar Al Majed Real Estate Company Announces the Signing of a Memorandum of Understanding to Establish a Real Estate Investment Fund in the Education Sector

Dar Al Majed Real Estate Company signed a one-year, non-binding Memorandum of Understanding (MoU) with AlAhli Capital, Rekaz Real Estate Company, and Al Jadah Al Oula Real Estate Development Company to establish an educational real estate investment fund.
The fund's objective is to acquire and develop educational lands and explore partnership opportunities with local and international operators to manage high-quality educational projects across Saudi Arabia.
The company reported no direct financial impact at this stage, as the MoU serves as a preliminary framework for evaluating future investment opportunities.
Related party interests were disclosed regarding Board Member and Acting CEO Abdulsalam bin Abdulrahman Al Majed, who represents Dar Al Majed on the board of Al Jadah Al Oula Real Estate Development Company (in which the company holds a 9.2% stake).

Element List	Explanation
Introduction	Dar Al Majed Real Estate Company announces the signing of a non-binding Memorandum of Understanding with AlAhli Capital, in its capacity as the Fund Manager, along with Rekaz Real Estate Company and Al Jadah Al Oula Real Estate Development Company, with the aim of establishing an educational real estate investment fund for the acquisition and development of educational lands and to explore partnership opportunities with local and international educational operators for the development and operation of high-quality educational projects. This strategic step reflects the Company’s direction toward expanding into promising investment sectors and enhancing the diversification of its real estate investments, contributing to the establishment of an educational investment portfolio across the Kingdom and leveraging the combined expertise of the parties in real estate development, investment, and project management within the real estate and education sectors, in support of future growth and expansion objectives.
Memorandum Signing Date	2026-06-08 Corresponding to 1447-12-22
Counterparty	AlAhli Capital (in its capacity as the Fund Manager), Rekaz Real Estate Company, and Al Jadah Al Oula Real Estate Development Company
Memorandum Subject	Studying the establishment of an educational real estate investment fund to invest in educational assets and projects and exploring partnership opportunities with educational operators in a manner that supports the development of educational real estate investments and enhances sustainable returns.
Memorandum Duration	One year.
Related Parties	Mr. Abdulsalam bin Abdulrahman Al Majed, Board Member and Acting Chief Executive Officer, serves as a Board Member of Al Jadah Al Oula Real Estate Development Company as a representative of Dar Al Majed Real Estate Company, which owns a 9.2% stake in Al Jadah Al Oula Real Estate Development Company.
Financial Impact	There is currently no direct financial impact, as the memorandum constitutes a preliminary non-binding framework for cooperation and the evaluation of future investment opportunities among the parties.
Additional Information	This memorandum comes as part of the Company’s strategy to strengthen its presence in high-quality sectors and support its expansion plans, in line with the accelerating growth witnessed in the educational investment sector in the Kingdom.