Areeb Capital signs SR5.8bn financing agreement with SNB

Senior officials from Areeb Capital and SNB at the signing ceremony.
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Updated 21 May 2025
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Areeb Capital signs SR5.8bn financing agreement with SNB

Areeb Capital, a prominent real estate fund management company, announced signing a new financing agreement with the Saudi National Bank, worth SR5.8 billion ($1.5 billion). This agreement will enhance the company’s financing capabilities for its ambitious investment projects in the Saudi real estate market.

The agreement represents a strategic step that supports the company’s efforts to expand its investment portfolio and develop innovative real estate projects that meet the local market’s needs, contributing to lucrative returns for investors and strengthening its status as a leading asset management company in the real estate funds sector.

In a statement, Areeb Capital said that the deal reflects the confidence of prominent banks in the Kingdom, led by the SNB, in its efficient performance and ability to manage and implement remarkable investment projects, particularly in emerging real estate sectors.

Headquartered in Riyadh, Areeb Capital is a leading real estate asset management company with assets under management exceeding SR20 billion. The company targets institutions, family businesses, and high-net-worth individuals, offering Shariah-compliant investment opportunities based on a deep understanding of client needs and risk factors.

Regulated by the Saudi Capital Market Authority, the company provides innovative investment solutions that contribute to developing the real estate sector in the Kingdom.


Dubai Shopping Festival’s sporting events turn city into hub for outdoor action

Updated 31 December 2025
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Dubai Shopping Festival’s sporting events turn city into hub for outdoor action

The Dubai Shopping Festival is raising the bar this winter with a high-impact sporting calendar that runs throughout December and January, transforming the city into a hub for elite competition, community fitness and outdoor action. 

From professional basketball to baseball games, polo tournaments, half marathons, and horse racing, the festival brings together athletes, families and spectators for a dynamic winter season of sport. The diverse lineup of events strengthens DSF’s role in supporting Dubai’s active lifestyle, showcasing world-class sporting venues and encouraging community engagement during the city’s peak outdoor season. 

Key sporting events taking place during DSF: 

Dubai Racing Carnival 

  • Race days: Jan. 2, Jan. 9 and ongoing dates until March 13. 
  • Location: Meydan Racecourse 

The flagship winter racing season features international horses and top jockeys. 

More information: https://www.visitdubai.com/en/festivals-and-events/dubai-events-calendar/dubai-racing-carnivaland https://www.visitdubai.com/en/festivals-and-events/dubai-events-calendar/dubai-racing-carnival-festive-friday 

Silver Cup 

  • Date: Jan. 10-Jan.24 
  • Location: Al-Habtoor Polo Resort and Club 

Silver Cup, part of Dubai’s prestigious polo calendar, sees six of the world’s best teams go head-to-head in a 20-goal handicap. 

  • More information: https://www.visitdubai.com/en/festivals-and-events/dubai-events-calendar/silver-cup 

Spinneys Dubai 92 Cycle Challenge — Build-Up Ride 4 

  • Date: Jan. 4 
  • Location: Al-Qudra Cycle Track 

The last of the Spinneys Dubai 92 Cycle Challenge Build-Up Rides is designed to help cyclists build their stamina ahead of the ultimate challenge. 

  • More information: https://www.visitdubai.com/en/festivals-and-events/dubai-events-calendar/spinneys-dubai-92-cycle-challenge-build-up-ride-4 

Hood to Coast Dubai 2026 

  • Date: Jan. 10 
  • Location: Al-Marmoom Desert Conservation Reserve 

Hood to Coast Dubai challenges teams to conquer a series of relay segments through expansive desert trails, with each runner taking on their leg before passing the baton. 

  • More information: https://www.visitdubai.com/en/festivals-and-events/dubai-events-calendar/hood-to-coast 

Skechers Performance Run — Race 4 (16k/10k/5k/3k) 

  • Date: Jan. 10 
  • Location: Meydan 

Enjoy a fun day out for the whole family at this popular community race offering various distances, where participants can run along the traffic-free roads of Meydan. 

  • More information: https://www.visitdubai.com/en/festivals-and-events/dubai-events-calendar/skechers-performance-run 

Marina Home Dubai Creek Striders Half Marathon 2026 

  • Date: Jan. 11 
  • Location: Dubai Creek Golf and Yacht Club 

One of the largest races of its kind in the UAE and the Middle East, this half marathon will mark its 23rd edition in 2026. 

  • More information: https://www.visitdubai.com/en/festivals-and-events/dubai-events-calendar/dubai-creek-striders-half-marathon 

A citywide sporting season 

With events spanning elite international fixtures, community runs, polo tournaments, multi-distance races, trail challenges and recurring racing nights at Meydan, DSF strengthens Dubai’s winter season for sport, well-being and outdoor experiences.