Tharwat Securities targets SAR 6 billion raise for Riyadh real estate development fund

• Tharwat For Financial Securities launched a real estate investment fund to develop land from the “Al-Qutb Auction” in Riyadh.
• Target fund size set at about SAR 6 billion.
• Project focuses on a 2.94 million sq m site north of King Salman Road.
• Capital to be deployed to convert raw land into a higher-value real estate asset.

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