Riyadh – Mubasher: Knowledge Economic City inked a sale agreement for land plots within its master plan in Madinah to OUD Real Estate Private Fund (4), an investment vehicle managed by OUD Financial.
The transaction, signed on 16 July 2026, is valued at a total net price of SAR 169.64 million, excluding real estate disposal tax and government fees.
The deal involves the sale of plot C10-28, alongside plots C06-6 and C06-3 which cover a total area of 17,624 square meters.
The buyer intends to develop a mixed-use project featuring residential, commercial, and office spaces. As part of the agreement,
Knowledge Economic City has committed to leasing approximately 8,000 square meters of the planned office space for a duration of 15 years.
The company stated the book value of the land is SAR 16.31 million. The sale is expected to generate a total profit of SAR 153.32 million before expenses and fees. This divestment aligns with the developer's strategy to maximize returns on its 6.80 million square meter land bank through partnerships and specialized investment funds.
Proceeds will be used to enhance liquidity and support the execution of strategic projects.
The group also sold two land plots within its master plan in Madinah for a total value of SAR 229.12 million.
