Al Marqab Facilitates Sale of Solitaire to Alrajhi Capital

Deal News | Jul 21, 2025 | Legal Community MENA

In a significant transaction in the Saudi Arabian commercial real estate market, Al Marqab Investment Company successfully divested Solitaire, a 65,000 sqm GLA mixed-use retail development located in Riyadh, to a real estate investment fund managed by Alrajhi Capital. This move reflects the increasing appetite for luxury retail assets within the region. Legal advisory for Al Marqab was provided by A&O Shearman, with partners Sultan Almasoud and Mohsin Suleman at the helm. The deal signifies growing institutional interest in income-generating assets and the maturation of Saudi Arabia's real estate market.

Sectors

Real Estate
Legal Advisory

Geography

Saudi Arabia – The transaction centers around a retail development in Riyadh, Saudi Arabia, highlighting the country's real estate market.

Industry

Real Estate – The deal involves significant real estate assets, with a focus on luxury retail development in Saudi Arabia.
Legal Advisory – A&O Shearman provided legal advisory services for the transaction, reflecting the involvement of the legal industry.

Financials

Participants

Name	Role	Type	Description
Al Marqab Investment Company	Selling Company	Company	The owner and seller of the Solitaire retail development in Riyadh.
Alrajhi Capital	Bidding Company	Company	Manager of the real estate investment fund purchasing the Solitaire development.
A&O Shearman	Legal Advisor	Company	The law firm providing legal advisory services to Al Marqab Investment Company on the transaction.
Capital Market Authority (CMA)	Regulator	Government	The regulatory authority overseeing the real estate investment fund involved in the transaction.
Sultan Almasoud	Partner at A&O Shearman	Person	Partner leading the A&O Shearman legal team on the transaction.
Mohsin Suleman	Partner at A&O Shearman	Person	Partner supporting the A&O Shearman legal team on the transaction.