Saudi Sukuk Capital completes first regulated real estate offering in 12 minutes

A total of SR36 million was offered as a real estate investment opportunity through the Sukuk Capital app under the name “Loria Villa Investment.”  Supplied
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Updated 05 January 2026
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Saudi Sukuk Capital completes first regulated real estate offering in 12 minutes

RIYADH: Sukuk Capital has completed the offering of the first fully regulated real estate investment subscription for Taraf Real Estate Development Co., for a residential real estate development project valued at SR84 million ($22.4 million) in Riyadh. 

A total of SR36 million was offered as a real estate investment opportunity through the Sukuk Capital app under the name “Loria Villa Investment.”  

The offering was fully subscribed within 12 minutes of launch, reflecting strong demand for investment opportunities in the real estate sector and underscoring investor confidence in this type of innovative investment instrument, according to a statement.  

Commenting on the development, Abdullah Al-Hammad, CEO of the Real Estate General Authority, said in a post on his X account: “Twelve minutes were enough to close the offering of the first fully regulated real estate investment subscription, a clear indicator of the level of confidence the Kingdom’s real estate market has reached. 

He added: “What we witnessed today, through the commendable efforts of the Sukuk Capital platform, reflects the evolution of real estate financing tools and strengthens investment in the development industry in a way that creates real value and accelerates the pace of real estate projects.” 

The achievement highlights the strength of the Saudi real estate market, supported by regulators and the establishment of regulatory frameworks by the Capital Market Authority and the Real Estate General Authority, as per the statement. 

The release added that these measures enable the development of innovative financing and investment tools that open new horizons for growth in the Saudi market. 

Regulated real estate contributions boost the growth of the property sector by enhancing transparency, structuring investment mechanisms, and broadening the investor base. 

This, in turn, supports an increase in the supply of residential units and raises the rate of homeownership among citizens. 

Sukuk Capital also announced its targets for 2026, which include launching 15 real estate investment subscriptions with a total value of SR1billion, which will be available to investors through the Sukuk Capital app and its electronic platform. 

The company explained that the financial structure of the “Loria Villa Investment” is based on an off-plan sales model, which helps maximize capital efficiency and enhance investment returns for subscribers. 

The expected return on investment stands at 35.4 percent over an investment period of 24 months from the date the offering was completed. 

A total of 197 investors participated in the subscription, with qualified clients accounting for 72 percent of total coverage and individual investors making up the remaining 28 percent. 

Taraf Real Estate Development Co. is considered one of the leading real estate developers in Riyadh, with a strong track record that includes the development of more than 600 residential units, comprising villas, residential floors, apartments, and office spaces. 

The value of its ongoing projects exceeds SR700 million, while the value of completed and sold projects has surpassed SR500 million, reflecting the company’s expertise and capacity to deliver high-quality developments. 

The “Loria Villa” project is located on a 9,652-sq.-meter plot in the Al-Rimal district of Riyadh. The investment aims to acquire residential land, develop it into residential villas, and fully exit the project within the defined investment period. 


How KAUST is transforming waste into wealth

Updated 09 January 2026
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How KAUST is transforming waste into wealth

  • Researchers target $275m market with waste-to-value algae innovation

RIYADH: Turning food waste into a valuable industrial product may sound improbable, but scientists at King Abdullah University of Science and Technology are proving it is possible — using algae that has existed for millions of years. 

Last month, researchers at the university unveiled a sustainable method that harnesses an ancient red microalga to reduce food waste in the Kingdom while producing a high-demand natural pigment.

The study was led by bioengineering student Mauricio Masson, with support from Michael Fox, assistant professor of marine science, alongside researchers from KAUST and the Arizona Center for Algae Technology and Innovation. The international team included Kyle Lauersen, KAUST associate professor and lead author of the study.

Scientists at King Abdullah University of Science and Technology (KAUST) developed a sustainable method to use an ancient type of algae while reducing food waste in the kingdom. (Supplied)

The research highlights a “sustainable bioprocessing” approach, demonstrating how an aquatic plant can convert chocolate factory waste into C-phycocyanin — a blue pigment with a global market expected to reach $275 million over the next four years.

“Our research focused on an extremophilic red alga that can thrive in harsh conditions and efficiently consume sugars and nutrients found in food waste streams,” said Lauersen.

Lauersen is an associate professor and chair of the bioscience and bioengineering programs in the Biological and Environmental Sciences and Engineering Division at KAUST. He explained that a key objective of the study was to show that food waste — often discarded or sent to landfills — can be repurposed as a feedstock for producing high-value compounds, including natural pigments and proteins, through algae-based bioprocesses.

“Our main goal was to develop an environmentally friendly approach to turn waste into useful products that have the potential to be scaled,” Lauersen told Arab News.

FASTFACT

Did you know?

• By 2030, the global market for C-phycocyanin is projected to exceed $275 million, reflecting growing demand across food, health, and industrial sectors.

• C-phycocyanin has demonstrated potential benefits in antioxidation, inflammation, cancer research, antimicrobial activity, neurodegeneration, diabetes management, and wound healing.

• As a natural pigment, C-phycocyanin offers a healthier alternative to synthetic food colorants and is approved by the US FDA for use in food products.

He added: “Algae are especially well suited for this because they grow quickly, require relatively few resources, and can metabolize a wide range of organic compounds.”

The red microalga Galdieria yellowstonensis feeds on chocolate waste rich in residual sugars, producing a protein-dense biomass that contains C-phycocyanin, according to KAUST. The pigment is widely used as a natural food coloring — found in products such as ice cream and blue-colored beverages — as well as in cosmetics and pharmaceuticals.

Beyond the study’s original goals, researchers also discovered that elevated levels of carbon dioxide significantly enhance algae growth, even though CO₂ is typically considered a byproduct of microbial sugar consumption.

Another major outcome of the research is its potential to reduce land pollution by transforming food waste into a nutrient source for algae, offering a sustainable alternative to disposal. 

Galdieria yellowstonensis feeds on chocolate waste containing residual sugar, producing a protein-packed biomass that includes C-phycocyanin. (Supplied)

KAUST believes the findings could positively impact Saudi Arabia’s economy by helping food manufacturers lower production costs while addressing environmental concerns.

“The species we studied can grow on waste streams that are unsuitable for conventional crops or microorganisms,” said Lauersen.

“This makes algae an attractive platform for circular economy solutions, where waste is transformed directly into valuable materials rather than being treated as a disposal problem.”

The research effort is ongoing. Scientists at KAUST are currently collecting chocolate waste locally and plan to scale up the process using other industrial waste streams available across the Kingdom. The initiative aims to support companies in transitioning toward a circular carbon economy while contributing to Saudi Arabia’s green agenda.

“Food waste is a major global challenge, contributing to greenhouse gas emissions, resource inefficiency, and environmental degradation,” said Lauersen.

“By recycling waste into useful products, we can reduce pressure on landfills, lower emissions, and make better use of existing resources.”

“These types of solutions are essential as industries worldwide face growing demands to become more sustainable and climate resilient, especially in the Middle East, which relies on heavily on imports.”