Alpha Capital acquires 20% of Forus Real Estate Investment via Alpha Private Opportunities Fund

Alpha Capital has successfully closed the acquisition of a 20% stake in Forus Real Estate Investment & Development Company, a prominent player in the hospitality and real estate development sectors, and the owner and operator of the distinguished hospitality brand “Vivienda”. The acquisition was executed by Alpha Private Opportunities Fund, a Shariah-compliant private equity fund.

Commenting on the transaction, Fahad bin Khaled Al Saud, Managing Director and CEO of Alpha Capital, said: “We’re delighted to partner up with Forus Real Estate Investment & Development Company, a leading hospitality and real estate development firm, and offering unique solutions in the hospitality sector. We are confident that the Fund presents a unique opportunity in this pivotal sector of the national economy, which is witnessing burgeoning demand for hotel and hospitality services, in addition to rewarding investment returns through investment in projects that meet the growing market demand. This investment falls within Alpha Capital’s private equity strategy, which aims to capture unique investment opportunities in promising sectors with accelerated growth rates”.

The Kingdom's hospitality sector is undergoing major transformations, backed by a number of giga projects and other government initiatives aimed at promoting tourism in Saudi Arabia, in line with Vision 2030. Al Saud hopes that Alpha Private Opportunities Fund would be a new achievement for Alpha Capital noting that the company has generated remarkable investment returns across all asset classes, in line with its commitment to meeting investor aspirations.

Additionally, Alpha Capital also delivered a stellar performance in the alternative investments sector, where it recently divested a number of real estate and private equity funds generating impressive returns.

In his remarks, Mohammed bin Saud Al-Blaihed, Chairman of Forus Real Estate, said: "Our partnership with Alpha Capital reflects our dedication to bolstering investments in the hospitality sector in Saudi Arabia. The future of investment in this sector is promising, given the multitude of complementary projects across various regions of the Kingdom, extending beyond major cities. The company is eager to fortify its position as a leading national brand through this strategic partnership, which aligns seamlessly with our overarching development strategies."

Furthermore, Dr. Mohammed Saleh Almalik, CEO of Forus Real Estate, expressed pride regarding the partnership with one of the leading financial institutions in the country. Almalik highlighted the collaboration's potential to foster innovation and development in the hospitality sector, contributing strategically to the Kingdom's tourism initiatives.

Forus is a leading company in hospitality and real estate development, with a track record of innovative projects and a worldwide client base.

Alpha Capital is a Saudi Capital Market Institution licensed by the Capital Market Authority (CMA) to provide investment management, advisory, and arranging services. Alpha Capital won a number of prestigious awards from local and international bodies specialized in this industry.