It is a closed-ended private real estate fund established in the Kingdom of Saudi Arabia and licensed by the Capital Market Authority (CMA). The Fund aims to generate recurring rental income and medium-term capital appreciation through investments in the real estate sector within the Kingdom. The Fund focuses on managing income-generating properties and developing mixed-use projects, including commercial, office, hospitality, and residential real estate, or any combination thereof. In addition, the Fund may invest in other real estate investment funds or real estate companies that support the achievement of the Fund's investment objectives.
04/12/2024
Five (5) years extendable by three (3) additional one-year periods
SAR 428,187,904.00