Dallah Healthcare announced the signing of a Sale and Purchase Agreement with Wahet Al-Nakheel Real Estate Fund to acquire undeveloped land in Riyadh’s Al-Nakheel District. The 16,800-square-meter property was purchased for SAR 195.65 million.
In a statement on Tadawul, Dallah stated that its contribution to the transaction includes in-kind units in the Fund along with an additional cash deposit of SAR 8.69 million. This ensures parity in investment units held by Dallah Healthcare, Dallah Real Estate, and Tatweer in the Fund, which now has a total capital of SAR 613 million equally shared among the three parties.
The Fund, managed by Aljazira Capital under Capital Market Authority regulations, is part of a broader initiative. On July 2, 2024, Dallah Healthcare disclosed plans to establish a private real estate fund exceeding SAR 1.2 billion in partnership with Dallah Real Estate, Tatweer, and Aljazira Capital. The Fund will develop a mixed-use project, as per the approved preliminary study, featuring commercial, office, hospitality, and healthcare spaces.
This strategic investment reinforces Dallah Healthcare’s commitment to expanding its footprint in healthcare and real estate development.
