**Titular:**
*KHC Vende Kingdom City por 900M*

**Intro:**
Kingdom Holding Company (KHC) vendió el complejo residencial de lujo *Kingdom City* en Riad a un fondo de Alawwal Investment por 900 millones SAR. KHC mantendrá participación en el nuevo fondo. Ubicado estratégicamente cerca de proyectos clave, el complejo conservará su nombre y operación especializada.

**Factbox (50 palabras):**
– **Ubicación:** Intersección Al-Thumama y King Abdulaziz (Riad).
– **Unidades:** 384 residencias de lujo.
– **Cercanías:** King Abdullah Financial Center, Sports Boulevard, Roshan Front.
– **Comprador:** Fondo de Alawwal Investment (subsidiaria de First Saudi Bank).
– **KHC:** Conserva participación; activos superan 50.000M SAR.
– **Operación:** Equipo especializado; servicios cerca (hospital, escuelas).

**Title: Kingdom Holding Company Sells Prestigious “Kingdom City” for 900 Million SAR to Alawwal Investment Fund**

**Introduction**
In a landmark real estate transaction, Kingdom Holding Company (KHC) has announced the sale of the luxury residential complex **”Kingdom City”** in Riyadh’s Al Rabie neighborhood to a real estate investment fund affiliated with **Alawwal Investment Company** for **900 million Saudi riyals**. KHC will retain a stake in the newly formed fund, with its participation percentage to be disclosed later. The iconic name “Kingdom City” will remain unchanged, reflecting its enduring brand value.

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### **Key Details of the Transaction**
– **Sale Value:** 900 million SAR.
– **Buyer:** A real estate fund under Alawwal Investment Company, a subsidiary of First Saudi Bank.
– **KHC’s Continued Involvement:** The company will hold a stake in the new ownership fund, ensuring ongoing collaboration.
– **Strategic Goals:** The fund aims to boost revenue, optimize operations, upgrade services, and modernize facilities to elevate the complex’s status.

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### **Spotlight on Kingdom City: A Hub of Luxury and Convenience**
**Location:** Strategically situated at the intersection of **Al-Thumama Road** and **King Abdulaziz Road**, Kingdom City enjoys proximity to:
– King Abdullah Financial Center
– Sports Boulevard Project
– Roshan Front (a vibrant cultural and entertainment hub)
– King Salman International Airport
– Kingdom Hospital and leading schools

**Features:**
– **384 High-End Residential Units:** Designed for families, blending luxury with functionality.
– **Premium Amenities:** Includes recreational spaces, 24/7 security, and dedicated maintenance services.
– **Operational Excellence:** Managed by a specialized team ensuring seamless resident experiences.

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### **Strategic Advantages of the Location**
Kingdom City’s prime location positions it as a gateway to Riyadh’s most ambitious projects, offering residents:
– Effortless connectivity to business, leisure, and transportation hubs.
– Access to healthcare (Kingdom Hospital) and educational institutions.
– A lifestyle aligned with Riyadh’s vision as a global metropolis.

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### **About the Key Players**
**Kingdom Holding Company (KHC):**
– Founded in 1980, KHC is a global investment giant with diversified assets exceeding **50 billion SAR**.
– Listed on the Saudi Exchange, it holds stakes in sectors like real estate, hospitality, and technology.

**Alawwal Investment Company:**
– Established in 2008 and fully owned by First Saudi Bank.
– A pioneer in Saudi Arabia’s financial sector, offering innovative investment solutions and fund management.

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### **Future Vision for Kingdom City**
The new fund plans to:
– Enhance tenant experiences through upgraded facilities and smart technologies.
– Implement sustainability initiatives to align with Saudi green goals.
– Leverage Riyadh’s growth as a global city to attract international residents.

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**Conclusion**
This transaction underscores KHC’s agile investment strategy and Alawwal’s confidence in Riyadh’s real estate potential. As Kingdom City transitions to its new ownership structure, it is poised to reinforce its reputation as a premier residential destination, contributing to Riyadh’s transformation under Saudi Vision 2030. The deal also highlights the growing role of specialized investment funds in shaping the Kingdom’s urban future.

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*For more updates on Saudi Arabia’s dynamic real estate market, stay tuned to our platform.* 🏙️💼🇸🇦

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**Keywords:** Kingdom City, KHC, Alawwal Investment, Riyadh Real Estate, Luxury Residential Complex, Saudi Vision 2030.

*Word Count: 500+*

This structure balances detail with readability, emphasizes strategic insights, and targets SEO keywords while adhering to the provided data. Let me know if you need adjustments! 😊

Here are 15 FAQs (30+ words each) about the Kingdom City sale, covering key aspects of the transaction, stakeholders, and implications:

1. **Who acquired Kingdom City from Kingdom Holding Company (KHC)?**
The residential complex was purchased by a real estate investment fund affiliated with Alawwal Investment Company, with KHC retaining partial ownership in the new fund.

2. **What was the sale price of Kingdom City in Riyadh?**
The Al Rabie neighborhood-based luxury complex was sold for 900 million Saudi riyals, reflecting its prime location and high-value infrastructure.

3. **Will KHC maintain any involvement after the sale?**
Yes, KHC will participate in the new ownership fund, though its exact stake remains undisclosed and will be announced later.

4. **Why did KHC sell Kingdom City despite its prominence?**
The sale aligns with KHC’s strategy to diversify investments while capitalizing on market opportunities, leveraging partnerships to optimize asset performance.

5. **What improvements will the new fund implement at Kingdom City?**
The fund plans to boost revenue, upgrade facilities, enhance services, and streamline operations to elevate the complex’s luxury standards and resident experience.

6. **How many residential units does Kingdom City contain?**
The complex features 384 high-end units tailored for families, supported by dedicated operational management and premium amenities.

7. **Why is Kingdom City’s location considered strategic?**
It lies at the intersection of Al-Thumama and King Abdulaziz Roads, near King Abdullah Financial Center, Roshan Front, and King Salman Airport, ensuring connectivity and convenience.

8. **What amenities distinguish Kingdom City as a luxury complex?**
It offers family-centric facilities, proximity to Kingdom Hospital and schools, and a specialized operations team ensuring premium living standards.

9. **How might the sale impact current residents of Kingdom City?**
Residents are likely to benefit from enhanced services and infrastructure under the new fund’s efficiency-driven strategy, maintaining the complex’s prestige.

10. **What is Alawwal Investment Company’s role in Saudi Arabia?**
A First Saudi Bank subsidiary since 2008, it provides innovative financial solutions and manages diversified investment portfolios, including real estate ventures like this fund.

11. **What is KHC’s global investment footprint?**
Founded in 1980, KHC holds over 50 billion SAR in assets across sectors like real estate, technology, and hospitality, traded publicly on the Saudi Exchange.

12. **When will KHC’s stake in the new fund be disclosed?**
The participation percentage remains under negotiation and will be announced in a future update per the company’s regulatory disclosures.

13. **Will the Kingdom City name change post-acquisition?**
No, the iconic name will be retained to preserve brand recognition and align with the fund’s continuity strategy.

14. **How does this transaction fit KHC’s broader goals?**
It reflects KHC’s agile asset management approach, balancing divestments with strategic partnerships to maximize long-term returns across its portfolio.

15. **What major projects surround Kingdom City in Riyadh?**
Nearby landmarks include the Sports Boulevard Project, Roshan Front, King Salman Airport, and King Abdullah Financial Center, amplifying its appeal to elite residents.

**📣 ¡Tu Opinión Cuenta!**
¿Qué impacto crees que tendrá esta venta en el mercado inmobiliario de Riad? ¿Te interesa conocer más sobre oportunidades de inversión en proyectos emblemáticos como Kingdom City? **¡Déjanos tus comentarios y suscríbete para recibir actualizaciones exclusivas sobre inversiones, desarrollo urbano y noticias clave de Arabia Saudita!**

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**Conclusión**
La venta de Kingdom City a un fondo de inversión afiliado a Alawwal Investment marca un hito estratégico para Kingdom Holding Company, reforzando su enfoque en alianzas que potencien el valor de sus activos. Esta transacción no solo subraya el atractivo de proyectos premium en ubicaciones privilegiadas, sino que también refleja la dinámica del sector inmobiliario saudí, en plena expansión gracias a su visión económica. Con la promesa de mejoras operativas y la retención de un nombre icónico, Kingdom City seguirá siendo un referente de lujo y conectividad en Riad, alineado con las metas de transformación urbana de Saudi Vision 2030.

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**Agradecimiento**
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