Press Releases

The project spans an area exceeding 152,000 square meters and includes more than 500 residential units, providing a modern residential environment that meets the growing demand for family-oriented housing in Riyadh. The development includes expansive green spaces and landscaped areas that enhance quality of life, along with a community center, The Lighthouse, fostering the creation of a cohesive and integrated residential community.<p align="justify" style="line-height: 108%; margin-bottom: 0.11in"><br/> <br/> On this occasion, Hesham Alzaid, Managing Director of Real Estate at Riyad Capital, stated: “This fund represents an important addition to Riyad Capital’s expanding real estate development portfolio and reflects our continued commitment to supporting high quality residential projects that meet the needs of families in Riyadh. One by Mountain View project incorporates thoughtful planning, generous green spaces, and modern residential layouts in a strategic location. This project also reflects the diversity of Riyad Capital’s real estate portfolio, which includes commercial, residential, and mixed-use assets, strengthening our presence across key development sectors and creating attractive investment opportunities.”<p align="justify" style="line-height: 108%; margin-bottom: 0.11in"><br/> <br/> For his part, MR. Ahmed Rashed, CEO of Mountain View KSA, said: “We are proud of this collaboration with Riyad Capital to launch the development fund for the ‘ONE Mountain View’ project, which represents an important step in Mountain View’s expansion journey in the Kingdom. This project embodies our vision of offering modern residential communities that focus on quality of life and are built on more than twenty years of experience in developing communities based on the concepts of happiness and innovation. Through this partnership, we reaffirm our commitment to providing real added value to the city of Riyadh, and to building integrated residential environments that meet the aspirations of families and keep pace with the rapid urban growth the Kingdom is witnessing.”<p align="justify" style="line-height: 108%; margin-bottom: 0.11in"><br/> <br/> The launch of this fund underscores Riyad Capital’s commitment to diversifying its real estate investments and supporting projects that deliver sustainable value for residents and investors, contributing to balanced and long-term urban development in Riyadh.<p align="justify" style="line-height: 108%; margin-bottom: 0.11in"><br/> <br/> About Riyad Capital<p align="justify" style="line-height: 108%; margin-bottom: 0.11in"><br/> <br/> Riyad Capital is a leading fully-fledged investment manager and the largest custodian in Saudi Arabia. Through its four business lines – asset and wealth management, brokerage, corporate investment banking, and securities services – the company offers end-to-end investment management solutions. Within the real estate sector, Riyad Capital is recognized as a pioneer, having launched the first listed REIT in Saudi Arabia – Riyad REIT – in 2016. The company’s real estate portfolio comprises various properties across 3 continents, with a total value exceeding c. US$ 6 billion. As of June 2025, Riyad Capital managed over c. US$ 25.8 billion in assets under management and more than c. US$ 205 billion in assets under custody. The company was recognized among the Middle East’s top 5 asset managers for 2024 and 2025 by Forbes Middle East and received the Saudi Capital Market Award for Custodian of the Year 2024.<p align="justify" style="line-height: 108%; margin-bottom: 0.11in"><br/> <br/> For media inquiries, please contact:<p align="justify" style="line-height: 108%; margin-bottom: 0.11in"><br/> <br/> Riyad Capital:<p align="justify" style="line-height: 108%; margin-bottom: 0.11in"><br/> <br/> MediaRelations@RiyadCapital.com <p align="justify" style="line-height: 108%; margin-bottom: 0.11in"><br/> <br/> About Mountain View<p align="justify" style="line-height: 108%; margin-bottom: 0.11in"><br/> <br/> Mountain View Development & Real Estate Investment is a leading Egyptian company founded in 2005, focused on developing integrated real estate projects. The company follows a unique vision of “Building the land and bringing happiness to those around us” by applying the principles of Happiness, Science, and Innovation in its projects and implementing them according to international standards. Over its 20-year track record in urban development, guided by its mission “Working together to build an inspiring beacon for happy communities of value and meaning,” Mountain View has developed over 24 distinguished projects across three main regions: West Cairo, East Cairo, and the coastal areas along the Red and Mediterranean Seas, led by a team of expert professionals.<p align="justify" style="line-height: 108%; margin-bottom: 0.11in"><br/> <br/> As part of its strategy to expand the concept of Happiness, Science, and Innovation, Mountain View has actively sought to extend its expertise beyond Egypt.<p align="justify" style="line-height: 108%; margin-bottom: 0.11in"><br/> <br/> For media inquiries, please contact:<p align="justify" style="line-height: 108%; margin-bottom: 0.11in"><br/> <br/> Mountain View: mvcorporatecomms@mountainview-eg.com