MSGA Investment announces the signing by its subsidiary, MSGA Al-Oula Real Estate Development Company, of an agreement to establish a closed private real estate investment fund with Dinar Investment Company as the fund manager, and Asar Investment Company as the landowner, for the development of a land plot in Al-Wisam District, Riyadh

MSGA Al-Oula Real Estate Development Company signed an agreement on July 14, 2026, with Dinar Investment and Asar Investment to establish a private real estate investment fund for a 1,000-unit residential project in Al-Wisam District, Riyadh.
The targeted fund size is approximately SAR 700 million, with the land valued at SAR 259,619,698 and development fees capped at 15% of total development costs.
MSGA Al-Oula will manage the project implementation plan and development, while Dinar Investment will handle the fund's structure, private placement, and management.
The agreement is valid for 90 days or until fund establishment is complete, with positive financial impacts expected during 2027 and 2028.