SAIB sells 44.4%-owned Riyadh land, records SAR 801.1M net proceeds

The Saudi Investment Bank (SAIB) finalized the sale of a 44.4%-owned land plot, located on Khurais Road in Riyadh.

The bank’s share of net proceeds, after deducting auction-related costs and expenses, stood at SAR 801.1 million, according to a Tadawul filing.

SAIB explained that the land spans a total area of 2.7 million square meters. The sale proceeds were received today, Nov. 24.

It expects the transaction to have a positive impact on the Q4 2025 financial results.