Doha: The First Investor (TFI), the investment banking division of Barwa Bank Group (BBG), announced the acquisition of a residential compound in Riyadh by Manazel Compounds Real Estate LLC, in a deal worth SR300m. The compound which is strategically located in Riyadh within the vicinity of two major landmarks —the upcoming Metro station that directly leads to Amir Khalid Airport and the University of Amira Noora.
Manazel Compounds has been able to lease the compound to Saudi Arabia Airlines which is currently accommodating over 1,000 cabin crew staff in the compound. QNA
