02:08 AM EDT, 08/27/2026 (MT Newswires) -- Inmar Co. for Real Estate Development and Investment (SASE:9521) agreed to explore the creation of three investment funds worth 1 billion Saudi riyals in aggregate, according to a Thursday release. Under a memorandum of understanding with Al Rajhi Capital, the Tadawul-listed real estate company will conduct valuations and due diligence, obtain financing, and secure regulatory approvals for the potential establishment of the funds. The 120-day memorandum will be renewed automatically for one or more similar periods if Inmar's work remains pending.

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