-
Al-Rajhi Arcapita launch 500m Gulf property fund
Filed under NewsFeb 23DUBAI – Al Rajhi Capital, the investment arm of Saudi Arabias Al Rajhi Bank 1120.SE and Bahrains Arcapita Bank has launched a $500 million Gulf property income fund to capitalise on falling prices, the firms said on Monday.
The two companies will seed a joint investment of $50 million for the fund, which will focus on logistics warehouses, health care and education-related assets in Saudi Arabia and the Gulf Arab region, they said in a statement.
Tagged as: Al Rajhi Capital, Al-Rajhi Arcapita, Azizia Panda United Company, Bahrains Arcapita Bank, Deyaar DEYR, dirham, Dubai;, emirates second-largest developer, investment bank, Jorge Cantonnet, managing director and head of private equity, previously committed funds, prime real estate assets, Rasmala Investments, Reuters;, Riyadh, SAR;, Saudi Arabia, Saudi Arabias Al-Rajhi Bank, the Gulf Arab, USD;, worlds largest oil exporter
Translator
Recent Comments