Ayyan + Al Rajhi Capital to launch Riyadh real estate fund, SVC backs Growth Catalyst Fund

Ayyan Investment, Al Rajhi Capital to launch SAR 500 mn real estate fund

Ayyan Investment and Al Rajhi Capital are moving to set up a private real estate fund targeting SAR 500 mn after locking in an agreement on the fund’s terms and conditions, Ayyan said in a disclosure to Tadawul. The fund will own and develop a mixed-use project on an 83.4k sqm land plot in Riyadh’s Al Janadriyah district. Ayyan will participate through an in-kind contribution by transferring ownership of the land, building on a previously signed MoU with Al Rajhi Capital and Sumou Holding Company.

SVC backs Growth Catalyst Fund for growth-stage companies

Saudi Venture Capital (SVC) invested an undisclosed sum in the Growth Catalyst Fund, according to a press release. The fund — established in 2024 and managed by Growth Catalyst Investment Company — targets growth-stage companies in Saudi Arabia and the wider GCC.

It focuses on sectors like healthcare, education, renewable energy, and food and beverage and aims to support the regional expansion of mid-sized firms. With a target size of USD 150-200 mn, the fund pairs financing with operational support.