08:37 AM EDT, 09/20/2026 (MT Newswires) -- Public Investment Fund-owned Roshn Group entered into a preliminary deal with Talaat Moustafa Group's Saudi unit to potentially establish a joint company in Saudi Arabia. The newly-formed company will focus on a mixed-use project in Riyadh featuring residential units, as well as retail, commercial, healthcare, and other spaces, according to a Sunday release. The multi-asset class real estate developer will own a 49% stake in the joint company, with peer Talaat Moustafa Group Saudi holding the majority 51% interest.

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