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Al Tahaluf rebrands to HOV Global as K. Hovnanian Middle East boosts investment in Saudi housing market

Company Fundamentals
01 Jul 2026
GlobeNewsWire
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Bullish
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Al Tahaluf Real Estate Company has rebranded to HOV Global following increased majority ownership by K. Hovnanian Middle East, a subsidiary of U.S. homebuilder Hovnanian Enterprises. This move reflects confidence in Saudi Arabia's housing market and Vision 2030, with plans for expanded investments in housing, hospitality, and community projects across the Kingdom. HOV Global has delivered around 2,400 homes and has 3,000 more under development in key cities including Riyadh and Jeddah. The company continues partnerships with major Saudi organizations to support housing and tourism development, aiming to raise housing standards and contribute to sustainable growth in the region.

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