Al-Hilal Saudi Club sets up JV with Awaed Alosool Capital
Al-Hilal Saudi Club announced today, Sept. 15 that its subsidiary, Al-Hilal Investment Club Co., established a new company named Al-Hilal Real Estate Co., in partnership with Awaed Alosool Capital.
In an official statement, the club added that the joint venture (JV) aims to employ technology in finding real estate investment opportunities, in partnership with the best real estate developers in the Kingdom.
Al-Hilal Real Estate also aims to attract investors through marketing via various means of communication, and offering its shares for subscription.
Fahad Nafel, the club’s Chairman, confirmed that the move comes within the board of directors’ efforts to diversify the club’s sources of income and achieve financial sustainability through the use of best practices in the investment market.
Meanwhile, Awaed Alosool said the partnership provides an opportunity to invest through real estate funds.