Riyad REIT Fund invests $17m in private real estate fund

Follow-ups -eshrag News:

Tue, 2022-09-27 16:47

RIYADH: Riyad REIT Fund has invested SR62 million ($17 million) in a private closed-end real estate fund that is income-generating and Shariah-compliant, according to a bourse filing.

The private fund, which is managed by Riyad Capital, seeks to achieve stable current income and long-term capital growth by investing in top-tier institutional real estate assets located in prime Saudi Arabian locations.

The private real estate fund has a target size of SR3 billion, and the initial closing amount is SR315 million.

Main category: 
Business & Economy

Noting that the news was copied from another site and all rights reserved to the original source.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button