Riyadh - Mubasher: Jadwa Investment, an investment management and advisory company, has launched a Shariah-compliant real estate growth fund, in partnership with Tatweer Group, NUMU Holding Company, and Riyad Bank.
With a target size of SAR 3 billion, the fund aims to invest in differentiated and income-generating properties in Saudi Arabia; hence, it has acquired 'The Zone', a Riyadh-based commercial asset, according to a recent press release.
The fund is Jadwa’s third partnership with Tatweer Group and third collaboration in the real estate sector with Riyad Bank, which granted debt financing for the acquisition of 'The Zone'.
The Managing Director and CEO of Jadwa Investment, Tariq Al Sudairy, said: "The successful launch of the Real Estate Growth Fund underscores our belief in Saudi Arabia’s real estate sector and our commitment to provide clients the best selection of investment opportunities in this market."
