Saudi Kuwaiti Finance House

Kuwait Saudi Finance House has signed a cooperation agreement withTiraz Al-Arabia to establish a residential real estate fund in Riyadh. The agreement was signed at the headquarters of Kuwait Finance House in the presence of CEO Tariq Al-Rikheimi and CEO of Tiraz Al-Arabia, Mr. Qusai Al-Fakhri, along with representatives from both parties. Tariq Al-Rikheimi stated that the signing of the agreement reflects the commitment of Kuwait Saudi Finance House to providing suitable real estate products to keep pace with the rapid growth and increasing demand for real estate units. Bader Hamid Al-Anzi, Vice President and Director of Product Development and Structuring, added that this agreement will serve as the starting point for a series of real estate funds aimed at covering a portion of the significant demand for residential products in the Riyadh region and major areas, providing affordable housing units that satisfy all segments of society. He also noted that these real estate funds will serve as an investment tool for those seeking investment opportunities in the real estate and residential sectors. It is worth mentioning that Kuwait Saudi Finance House is a closed joint-stock company with a fully paid-up capital of 500 million Saudi Riyals, owned by Kuwait Finance House, and licensed by the Capital Market Authority to operate as a principal, underwrite, manage, arrange, safeguard, and provide advisory services concerning securities in the Kingdom.