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Investing

Since 2007, Solidere International has employed a range of investment strategies to pursue acquisition and development opportunities in the Middle East and North Africa (MENA) region.

Solidere International investment vehicles include funds for individual and institutional investors, as well as real estate development joint ventures.
"Our investment partners include international and regional funds, banks and financial institutions, and institutional and individual investors.”

Real Estate Investment Funds

The Funds were organized with a finite life, targeting institutional and private investors seeking long-term capital gains. The Funds’ investment strategy has been primarily focused on a diversified portfolio of real estate ventures in Saudi Arabia.

To date, Solidere International has successfully launched and closed four real estate Funds in Saudi Arabia, with a total value of over SAR3.5 billion.
  • BLOM Solidere Real Estate Fund
  • MED SI Real Estate Development Fund II
  • Solidere BLOM Real Estate Fund III
  • BLOM Solidere Compound Real Estate Fund
While professionals oversee all aspects of the management and administration of the Funds, the Company acts as the sole appointed developer on those Funds.
Solidere International’s Private Real Estate Investment Funds provide a means for the Company, as a successful real estate developer, to access a dedicated pool of capital and fund new real estate investment projects in the region.
BLOM SOLIDERE REAL ESTATE FUND
  • Fund Size
    • SAR600,000,000
  • Objective
    • Land Development
  • Fund Structure
    • Private Closed-Ended
  • Shari'ah Compliant
    • Real Estate Investment Fund
  • Closing Date
    • 4/15/2013 12:00:00 AM
  • Fund Term
    • 3 years (possible extension of 2 years)
  • Target IPR
    • 21.4%
  • Fund Manager
    • BLOMINVEST Saudi Arabia
  • Auditor
    • Ernst & Young
  • Domicile
    • Saudi Arabia
  • Geographic Focus
    • Obhur, Jeddah
  • Regulator
    • Capital Market Authority
  • Developer
    • Solidere International Limited
  • SI Ownership
    • 50%
MED SI REAL ESTATE DEVELOPMENT FUND II
  • Inception Date
    • 1/16/2013 12:00:00 AM
  • Fund Size
    • SAR1,250,000,000
  • Objective
    • Land Development
  • Fund Structure
    • Private Closed-Ended
  • Shari'ah Compliant
    • Real Estate Investment Fund
  • Closing Date
    • 12/27/2013 12:00:00 AM
  • Fund Term
    • 7 years (possible extension of 2 years)
  • Target IPR
    • IRR 26%
  • Fund Manager
    • SaudiMed Investment Co.
  • Auditor
    • Ernst & Young
  • Domicile
    • Saudi Arabia
  • Geographic Focus
    • Riyadh
  • Regulator
    • Capital Market Authority
  • Developer
    • Solidere International Limited
  • SI Ownership
    • 50%
SOLIDERE BLOM REAL ESTATE FUND III
  • Inception Date
    • 6/4/2014 12:00:00 AM
  • Fund Size
    • SAR250,000,000
  • Objective
    • Land Development (Potential Real Estate Development)
  • Fund Structure
    • Private Closed-Ended
  • Shari'ah Compliant
    • Real Estate Investment Fund
  • Closing Date
    • 12/18/2014 12:00:00 AM
  • Fund Term
    • 3 years (possible extension of 2 years)
  • Target IPR
    • 18%
  • Fund Manager
    • BLOMINVEST Saudi Arabia
  • Auditor
    • Ernst & Young
  • Domicile
    • Saudi Arabia
  • Geographic Focus
    • Obhur, Jeddah
  • Regulator
    • Capital Market Authority
  • Developer
    • Solidere International Limited
  • SI Ownership
    • 56.4%
BLOM SOLIDERE COMPOUND REAL ESTATE FUND
  • Inception Date
    • 12/18/2013 12:00:00 AM
  • Fund Size
    • SAR1,403,000,000 (Equity: 723,000,000, Debt: 680,000,000)
  • Objective
    • Mixed-Use Real Estate Development / Residential and Retail
  • Fund Structure
    • Private Closed-Ended
  • Shari'ah Compliant
    • Real Estate Investment Fund
  • Closing Date
    • 12/17/2014 12:00:00 AM
  • Fund Term
    • 5 years (possible extension of 4 years)
  • Target IPR
    • 17%
  • Fund Manager
    • BLOMINVEST Saudi Arabia
  • Auditor
    • Ernst & Young
  • Domicile
    • Saudi Arabia
  • Geographic Focus
    • Qortuba District, Riyadh
  • Regulator
    • Capital Market Authority
  • Developer
    • Solidere International Limited
  • SI Ownership
    • 85.3%