As a joint investment Saudi Arabia's Al-Rajhi Bank, Al-Rajhi Capital, and Bahrain-based Arcapita Bank have announced the launch of $500 million ARC Real Estate Income Fund designed for regional real estate sector in Saudi Arabia and GCC nations. The focus will be on logistics warehouses, healthcare and education-related assets. The group has announced the completion of the fund's first acquisition, the largest logistics situated in Azizia Panda United Company and distribution center in Riyadh acquired for $79.7 million for a period of 18 years. This will be a good opportunity for investors with available capital for investment.
Al-Rajhi, Arcapita unites for $500m fund
Al-Rajhi, Arcapita launch $500m fund
MANAMA: The investment banking subsidiary of Saudi Arabia's Al-Rajhi Bank, Al-Rajhi Capital, and Bahrain-based global investment bank, Arcapita BankArcapita Bank, have announced the launch of a $500 million fund aimed at 
the regional real estate sector, the ARC Real Estate Income Fund.
The entities will seed the fund with a joint investment of $50 million and acquire investments for the fund in high-quality, income-generating real estate assets in Saudi Arabia and other GCC (Gulf Cooperation Council) nations. The focus will be on logistics warehouses, as well as healthcare and education-related assets.
Read more information
Subscribe to:
Posts (Atom)
