BMG SEALS DEAL WITH REAL ESTATE FUND KINGPIN

470BMG Financial Group signed a strategic cooperation agreement with real estate investment fund pioneers, Salman Abdullah Bin Saedan Real Estate Group (SABS), in Riyadh recently.

“We have chosen BMG Financial Group as our primary advisers because of their extensive experience in financial advisory, arranging private and public offerings and because they are one of the first companies licensed by the Capital Market Authority. This in addition to their strong client-base, which includes Gulf sovereign funds, senior family businesses and other investment groups locally, regionally and internationally,” said Salman Al-Saedan, President of SABS Group.

SABS Group which is specialized in real estate development and sustainable construction projects, entered into a mutual agreement with BMG to advise, arrange and place a number of real estate opportunities in the promising Saudi market.

The agreement is complementary to the development of the burgeoning real estate market in the Kingdom and is the embodiment of BMG and SABS Group’s vision for expansion in the establishment of real estate funds investment through various real estate activities in different cities across Saudi Arabia.

The strategic cooperation agreement will provide the GCC market with above average capital appreciation, and the first project will be a strategically positioned and value added opportunity in northern Riyadh with an estimated value of SAR 1 Billion.

Chief Executive of the BMG Financial Group, Basil Bin Mohammed Khair Al-Ghalayini, responded: “This arrangement creates investment opportunities in a deliberate, and distinctive manner with expectations of a good return in the local real estate sector. BMG Group’s future strategy is to diversify its range of services and investment advisory, and we thank SABS Group for this promising opportunity and for their confidence in BMG as an adviser and partner.”


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