|04 September, 2019

Saudi Arabia’s Derayah Real Estate closes its Income Fund III

The Shari'ah-compliant close-ended real estate private fund acquired income-generating real estate assets across different sectors in four cities across the Kingdom.

Saudi Arabia’s Derayah Financial has closed the Derayah Real Estate Income Fund III (REIF III), the fund invests in a number of real estate assets in the Kingdom with a total asset of SAR 580 million, reported local daily, Saudi Gazette.

Mohammed Al-Shammasi, the Chief Executive Officer of Derayah Financial, said that the company’s real estate income funds are designed to acquire existing leased properties that generate good income to our investors.

The REIF III was launched to acquire the identified properties to meet the demands of investors searching for attractive and competitive annual income in the real estate market.

Derayah Financial is a pioneer in investment solutions, supported by a team of expertise in asset management and financial analysis in Saudi Arabia, GCC and global markets.

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