News briefing · 7 October 2026
Hamad Mohammed Bin Saedan Real Estate Company signed a non binding memorandum with BLOMINVEST Saudi Arabia to establish HS Logistics Fund, according to an announcement reported by Argaam on 7 October.
The proposed fund would explore acquiring approximately 130,280 square metres of Riyadh land for dry and temperature controlled warehouses. Initial project costs are estimated at SAR 325 million.
A private placement is proposed for November or December, subject to Capital Market Authority approval. The planned fund term is three years, with a possible two year extension. The memorandum has no immediate financial impact and does not confirm that the fund has been launched.
Source: Argaam. Reporting date: 2026-10-07.
