Saudi Arabia's Public Pension Agency is considering selling shares to the public in a real estate management unit that has 3 billion riyals ($800 million) of investments, its governor said on Wednesday.

The firm, referred to as Pioneering Investment Co, was set up at the end of last year with 100 million riyals of capital, Mohamed al-Kharashi told reporters in the Saudi capital, Riyadh.

"We could increase this capital in the future," Kharashi said. "We are examining selling shares in the company to pensioners and non-pensioners."    

Kharashi said the firm had invested in seven real estate projects.  -Reuters