Safa Investment achieves a complete exit from all Safa Najd Fund assets, with total sales exceeding SAR 1.4 billion.

Safa Investment Company and Albilad Capital announced the successful divestment of all assets of the Safa Najd Fund within two years and eight months, achieving total sales exceeding SAR 1.4 billion and delivering a capital return of nearly 40%.

On this occasion, Albilad Capital CEO, Mr. Zaid Al-Mufreh, stated: “We are pleased to have successfully completed the development and sale of all projects under the Safa Najd Fund. This achievement underscores our ongoing commitment to meeting market needs by delivering high-quality projects that contribute to the development of the residential sector while providing outstanding investment opportunities to support sustainable urban growth in Riyadh. This success reflects investor confidence in our strategy and vision, as well as our ability to select outstanding partners, especially Safa Investment Company. We extend our gratitude to all investors and partners for their role in this accomplishment, and we look forward to future projects that contribute to the realization of Saudi Arabia’s ambitious Vision 2030.”

Meanwhile, Mr. Moath Al-Zaid, CEO of Safa Investment, expressed his pride in Safa's success with this fund, highlighting the exceptional achievements of developing and selling all twelve fund assets within a remarkable timeframe. He noted that Safa successfully planned, developed, and sold nearly 1,500 residential units across several projects. The company managed to complete their marketing and sales, reflecting Safa’s dedication to delivering high-quality, innovative residential experiences. This accomplishment also emphasizes Safa’s proficiency in structuring investment opportunities in collaboration with financial partners to align with customer needs and investor aspirations.

It is worth mentioning that Safa Investment, in partnership with Albilad Capital, launched the Safa Najd Fund in early 2022. The private closed-end real estate investment fund, with total assets of SAR 1.4 billion, was used to develop residential complexes across seven districts in Riyadh, spanning over 111,000 square meters