Al Khozama turns to Yardi to manage Riyadh’s landmark Al Faisaliah Tower

The Kingdom’s leading luxury real estate group has chosen US software firm Yardi to optimise asset management at Al Faisaliah Tower and beyond, reinforcing its Vision 2030 digital goals

Saudi Arabia’s Al Khozama Investment Company has reportedly selected US-based software firm Yardi to manage its commercial real estate portfolio, including Riyadh’s iconic Al Faisaliah Tower. 

The agreement will see Al Khozama adopt Yardi’s cloud-based platform to streamline financial operations and sharpen lease management as part of its digital transformation strategy.

The move underlines Al Khozama’s role as one of the Kingdom’s leading luxury property developers and comes as Saudi Arabia accelerates smart infrastructure initiatives under Vision 2030. 

Al Faisaliah Tower, a 267-metre skyscraper and mixed-use complex in the capital, is among the most recognisable assets in the company’s portfolio.

Al Khozama will deploy Yardi’s Commercial Suite to enhance transparency, automate forecasting and strengthen decision-making across its operations. 

The system integrates deal management and advanced analytics, providing the developer with real-time data to guide strategic planning.

“By adopting Yardi’s advanced commercial solutions, we at Al Khozama reaffirm our commitment to innovation and operational excellence,” a company representative said. “This collaboration will drive greater transparency, optimise asset performance, and set new standards for property management in Saudi Arabia and the region.”

The partnership reflects both firms’ efforts to align with the Kingdom’s digital ambitions. Yardi said the technology will support Al Khozama in improving tenant satisfaction and ensuring long-term portfolio growth.

“Al Khozama’s adoption of Yardi’s technology will enhance operational transparency, improve tenant satisfaction and drive long-term growth,” Said Haider, senior director for Yardi, added. “We are excited to support their transformation and their commercial management offerings in the Kingdom of Saudi Arabia.”

Founded in 1995, Al Khozama ranks among Saudi Arabia’s top 100 companies and within the top three in its sector. 

Its portfolio spans landmark hotels, high-end retail and premium office space across major cities. The group has positioned itself as a standard-bearer for luxury real estate in the Kingdom, combining strategic locations with high service levels.

California-headquartered Yardi employs more than 9,500 people worldwide and supplies property and investment management software to real estate clients across multiple sectors. 

The company says its platforms are designed to enhance efficiency and transparency, while enabling data-driven decisions in line with the industry’s digital shift.