Riyad Capital announced on December 3, 2025, that Riyad REIT Fund has sold Al Izdihar property in Riyadh for 47 million Saudi Riyals on December 1, 2025. The property, which consists of office spaces and retail showrooms with a 98% occupancy rate, was originally acquired in 2015 for 38 million Saudi Riyals and will generate a profit of 12,469,289 Saudi Riyals based on its book value of 34,530,711 Saudi Riyals. The sale proceeds will be used to reduce the Fund's financial liabilities and improve existing properties, with no related parties involved in the transaction.

Original announcement:

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