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.
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