Riyadh - Mubasher: Dar Al Majed Real Estate Company (Al Majdiah) signed a non-binding memorandum of understanding (MoU) with Al Ahli Capital, along with Rekaz Real Estate Company and Al Jadah Al Oula Real Estate Development Company.
The companies will join forces to explore the establishment of an educational real estate investment fund, according to a bourse filing.
Meanwhile, the proposed fund will focus on acquiring and developing educational land assets across the kingdom while also reviewing opportunities with local and international education operators to develop and manage high-quality educational facilities.
The initiative aligns with Al Majdiah’s strategy to expand into high-growth investment sectors and further diversify its real estate portfolio. It also supports the company's efforts to build a specialized educational real estate platform that addresses growing demand for modern educational infrastructure across the Kingdom.
Al Majdiah won a project deal for developing the Eastern Al Hindawiya site in Makkah at SAR 2 billion.
