Saudi Arabia’s AWJ Investment Acquires 40% Stake in Oud Real Estate

Riyadh, May 24 (Saudi Arabia Breaking News) — AWJ Investment, a subsidiary of AWJ Holding, has acquired a 40% stake in Oud Real Estate, establishing a strategic partnership aimed at driving the development of luxury residential, commercial, and hospitality projects across Saudi Arabia.

The companies announced on Saturday that the collaboration will support branded real estate initiatives with a projected investment of over SAR 8 billion over the next five years.

The partnership combines AWJ’s financial and investment capabilities with Oud Real Estate’s design-led and culturally rooted development strategy. Since its founding in 2016, Oud Real Estate has focused on delivering projects that reflect Saudi heritage while contributing to the Kingdom’s evolving urban landscape.

“Saudi Arabia is undergoing a renaissance in urban development with a focus on culture, sustainability, and cohesive design,” said Abdulaziz Al-Mousa, CEO of AWJ Holding. “Oud Real Estate has demonstrated a deep understanding of this transformation, and we are proud to support their continued growth.”

Arc Mohammed Al-Duraibi, Founder and Managing Director of Oud Real Estate, described the acquisition as a “pivotal moment” for the company.

“This strategic initiative will accelerate our expansion plans and reinforce our position in the luxury real estate sector,” he said.

The deal reflects the Kingdom’s broader ambition under Vision 2030 to develop integrated, high-quality urban environments that blend modernity with cultural authenticity, while also stimulating private sector investment in real estate.