Al Rajhi Capital closes real estate fund | GulfNews.com:
"Al Rajhi Capital, one of the largest investment firms in Saudi Arabia, has successfully closed its second real estate income-generating fund, with total equity of 678 million Saudi riyals, surpassing the fund’s original target of 500 million riyal.
The five-year closed-ended fund will invest in income generating properties, such as warehouses, community retail centres and other types of properties occupied by solid tenants with long-term leases.
The objective of the fund is to provide its investors superior returns with balanced risk, bi-annually distributed current income, in addition to a potential for capital appreciation."
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