{"id":108800,"date":"2026-05-12T00:00:00","date_gmt":"2026-05-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?p=108800"},"modified":"2026-05-12T03:19:10","modified_gmt":"2026-05-12T03:19:10","slug":"baan-acquires-over-sar-830-mn-in-real-estate-assets","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2026\/05\/12\/baan-acquires-over-sar-830-mn-in-real-estate-assets\/","title":{"rendered":"Baan acquires over SAR 830 mn in real estate assets"},"content":{"rendered":"

Baan Holding<\/strong> acquired real estate assets worth SAR 830.1 <\/strong>mn<\/strong> from Al Hokair Holding Group and Al Oula Real Estate Development, following approval from its general assembly and a related capital increase, it said in a Tadawul disclosure<\/a>. The two transactions have been settled by issuing new ordinary shares to Al Hokair and companies designated by Al Oula. <\/p>\n

The breakdown:<\/strong> Baan acquired three hotels in Riyadh and Jeddah from Al Hokair \u2014 DoubleTree by Hilton Riyadh, Radisson Blu Corniche Jeddah, and Holiday Inn Jeddah Gateway \u2014 for SAR 651.6 mn and 239.4 mn new shares. From Al Oula, it acquired 86 residential units in the Ajdan Waterfront project in Al Khobar valued at SAR 178.5 mn, with 65.6 mn shares issued to Awj Al Mada Real Estate Development, Awj Al Majal Co., and Awj Al Shati Co.<\/p>\n

As a result of the transaction<\/strong>, Baan\u2019s share capital rises 96.8% to SAR 620 mn, alongside a share premium of SAR 525.2 mn. <\/p>\n

\n

Riyad Capital is cooking up a USD 400 mn real estate fund<\/p>\n

Riyad Capital<\/strong> is setting up a USD 400 mn (SAR 1.5 bn) real estate <\/strong>fund with <\/strong>Princess Munira Al Saud and Naif AlRajhi Investment <\/strong>to develop a mixed-use project in Riyadh, according to a press release<\/a>. The project spans 32k sqm and will include hospitality, office, residential, and retail components. Classified as a \u201ctransit-oriented development\u201d near Al Takhassusi metro station, it marks Riyad Capital\u2019s fourth such project.<\/p>\n","protected":false},"excerpt":{"rendered":"

Plus: Riyad establishes a USD 400 mn real estate fund<\/p>\n","protected":false},"author":1,"featured_media":108801,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[54,4999,10,106,1169],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-108800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-baan","tag-enterpriseam-ksa","tag-real-estate","tag-riyad-capital","wpautop","entry"],"acf":{"mongo_id":"9ce4344b-1c43-4c57-a21d-81788d224d4e","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/3\/438.jpg","photo_position":"above","homepage_title":"","full_issue_title":"More real estate for Baan","related_issue":[108786],"teaser":"Plus: Riyad establishes a USD 400 mn real estate fund"},"yoast_head":"\nBaan acquires over SAR 830 mn in real estate assets - 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