On February 17, 2026, Ayyan Investment Company announced the signing of a non-binding memorandum of understanding with Al Rajhi Capital and Sumou Holding Company to establish a real estate private fund for developing a mixed-use project in Al Janadriyah district, Riyadh. The project covers 83,446 square meters with an estimated value exceeding SAR 600 million, featuring commercial and residential spaces. Under the agreement, Al Rajhi Capital will serve as fund manager, Sumou Holding as project developer, and Ayyan Investment will contribute land as an in-kind investment. The memorandum has a 90-day term from signing and may be renewed with all parties' approval.

Original announcement:

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