GIB Capital Announces Management of “Al Wuroud 2” Fund with SAR 1.5 Billion Investment in Taif

GIB Capital, one of the leading companies in asset management and in providing innovative banking, financial, and investment solutions, has announced the management of the “Al Wuroud 2” Fund — a closed-end private real estate fund — with investments exceeding SAR 1.5 billion. The fund is focused on a development located in the heart of Taif City, spanning an area of 1.4 million square meters, and includes commercial, residential, and tourism zones, making it part of an integrated developmental vision for the city.

These projects play a significant role in the growth and development of cities across the Kingdom, aligning with the large-scale developmental renaissance seen in various regions, especially in the real estate and investment sectors. This momentum is driven by the goals and pillars of Saudi Vision 2030, as both sectors are undergoing major transformations aimed at diversifying the economy, particularly through the development of residential and commercial projects that meet local market needs and attract high-quality foreign investment.

The announcement of GIB Capital’s management of the “Al Wuroud 2” Fund reflects the company’s commitment to excellence and its continued contribution to the development of the investment landscape in the Kingdom. Through this initiative, GIB Capital aims to create investment opportunities that contribute to the development of Taif City, enhancing its appeal to investors and supporting its growth across tourism, entertainment, and hospitality sectors.

In this context, Mr. Osama Shaker, CEO of GIB Capital, stated:“The management of the ‘Al Wuroud 2’ Fund reflects our commitment to achieving sustainable development. We believe that investing in major projects plays a vital role in building a brighter future and strengthens the Kingdom’s position as a leading investment and logistics hub in the region.”

It is worth noting that GIB Capital offers a wide range of innovative and specialized banking and investment products and solutions, including asset management, capital markets investments, mergers and acquisitions, debt capital markets, debt investments, and brokerage services. The company also provides research and investment performance analysis, helping clients make informed investment decisions based on rigorous data-driven insights.