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Masar has agreed to establish a private real estate fund with targeted capital of SAR 221 million, appointing BIM Capital as fund manager and Ajbal Real Estate Development Co as developer. Al-Inma First Development will contribute a land plot as a partial in-kind contribution. The fund aims to structure real estate investments and support development projects while attracting further investment into the sector. This initiative is part of Masar's broader strategy to expand its presence in real estate and create structured investment avenues, reflecting a growing trend of private funds driving capital toward property development opportunities.
Masar has signed a memorandum of understanding to create a private real estate fund, aiming to mobilize capital of SAR 221 million. The fund will be managed by BIM Capital, while Ajbal Real Estate Development Co has been appointed as the developer.
As part of the arrangement, Al-Inma First Development will contribute a land plot to the fund, partially based on a percentage of its assessed value, serving as an in-kind contribution. This initiative highlights Masar's ongoing efforts to strengthen its investment portfolio and create structured opportunities in the real estate sector. The collaboration is expected to facilitate development projects and attract additional investors to the market.
The move comes as part of a broader strategy by Masar to expand its footprint in real estate investments, following earlier initiatives in urban development and property-backed financial instruments. Industry analysts note that such funds are increasingly becoming a preferred vehicle for channeling capital into high-potential real estate projects, combining private capital with strategic developer expertise.
Source Reuters
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