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Nomw   Capital
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Nomw Capital launches a new real estate fund to develop Jeddah’s gate

Nomw Capital announced the launch of a new investment fund called “Nomw Kaden Investment Fund (1)”, a closed-ended real estate investment fund, privately offered, and compliant with the standards and controls of Islamic Sharia, with a size exceeding 1.5 billion Saudi riyals. The fund aims to grow capital through the development of residential and commercial lands within the Jeddah Front project, one of the most prominent development projects in the Kingdom.

The Jeddah Front project is one of the most prominent development projects in the Kingdom, as it extends over an area of ​​approximately one million square meters, and includes more than 5,000 residential units, 4 educational complexes and health facilities, in addition to office spaces, commercial and entertainment areas, and more than 104,000 square meters of green spaces. The project is expected to contribute to attracting 23,000 residents, enhancing Jeddah’s position as a leading tourist and economic destination, and supporting the achievement of the goals of Saudi Vision 2030 by creating job opportunities and enhancing the city’s infrastructure.

Regarding the fund's investment orientations, Mr. Turki bin Abdulaziz bin Marshoud, CEO and Managing Director of "Nomw Capital", confirmed that the fund succeeded in acquiring a raw land with an area of ​​more than 630,000 square meters in Al-Firdaws neighborhood in Jeddah. The fund aims to develop the infrastructure of this land, then divide it and sell it as developed plots of land, in addition to developing part of the commercial lands within the "Jeddah Front" project, which enhances the economic value of the project.

Mr. Turki bin Marshoud added that "Nomw Capital" has signed a strategic partnership with "Kadin Investment", one of the most prominent real estate companies in the Kingdom, to develop the project. He pointed out that this partnership comes after "Kadin"'s success in developing the Riyadh Front project, which enhances "Nomw Capital's" position in strengthening its partnerships and strategic relationships in order to provide sustainable investment solutions that serve the local market with high quality.

About Nomw Capital Investment Company:

Nomw Capital, licensed by the Capital Market Authority under license number 37-13172, is a specialized financial services company, with a focus on structuring and creating investment opportunities through investment funds. The company also provides investment banking services including corporate financing arrangements, mergers and acquisitions, and IPOs, in addition to providing custody services

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