Strategic Alliance between Cayan Group & AlInma investment
Strategic Alliance between Cayan Group & AlInma investment Starts with a real estate project in the north of Riyadh
Cayan Group, one of the Middle East’s leading real estate developers, and Al Inma Investment (the investment arm of Al Inma Bank) announced that they have signed a real investment fund deal that will operate under the Saudi Arabian Capital Market Authority (CMA) and current laws in Saudi Arabia, after finalizing all the official permits .the new project will be located on a strategic location in the north of Riyadh and will see Cayan Group take on the role of the main developer of the project.
Ahmed Alhatti, President and Chairman of Cayan Group, said: “Our partnership with AlInma Investment to develop a mixed-use project confirms our commitment to providing our clients with prime options in preferred locations. This collaboration also boosts our expansion strategy of further establishing our stronghold in the Kingdom of Saudi Arabia.”
Saleh Alhenaki, CEO of ALInma investment further added, “Riyadh’s property market is witnessing rapid growth bringing with it increasing demand for real estate units, thus attracting real estate investors from the region and outside. We are pleased to be collaborating with Cayan Group on this project which we believe will constitute a compelling investment opportunity that will generate value for investors, Along with our strong relation with Cayan Group, we will announce other master projects around the Kingdom”