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
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