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Jeddah: Alkhabeer Capital, a prominent asset management company specializing in alternative investments, announced that it has successfully exited “Alkhabeer Land Development Fund II”, achieving 44.6 percent in net cumulative returns to its investors.
Over the years, the ALDF II, a Shariah-compliant closed-ended fund which raised SAR 850 million, generated capital growth through the acquisition, development of necessary infrastructure, [and sale] of more than 242,000 square meters of commercial and residential land in Alworood District “Jeddah’s Old Airport district”, one of the city’s three special development zones that are located in the downtown area.
Commenting on the exit, Mr. Ahmed Saud Ghouth, Alkhabeer Capital’s Chief Executive Officer, said: “Our successful exit from ALDF II, and the returns we have generated for our clients through this fund, exemplifies Alkhabeer Capital’s strength in identifying high-growth opportunities and navigating market cycles smoothly. We will continue with this approach, keeping our clients at the centre of our investing decisions.”
Alkhabeer Capital, headquartered in Jeddah in the Kingdom of Saudi Arabia, specializes in alternative investments and investment services. It is authorized by the Capital Market Authority, license number 07074-37.
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About Alkhabeer Capital
Alkhabeer Capital is an asset manager specialized in alternative investments and providing innovative world class investment products and solutions to institutions, family groups and qualified high net worth investors. Alkhabeer’s Shari‘ah compliant business activities are distinguished by executional vigor and a profound understanding of clients’ needs and risk profiles.
Alkhabeer’s asset management services focus on providing investment opportunities in domestic, regional and international capital markets through a wide range of real estate and private equity funds. Our real estate investment team structures and develops innovative real estate investment products. Alkhabeer’s private equity services develop products to benefit from attractive opportunities in a number of sectors including education, healthcare and other sectors.
In addition, Alkhabeer’s asset management services provide its clients with investment opportunities in capital markets, while Alkhabeer’s Investment Banking provides dedicated investment services, including merger and acquisitions. Alkhabeer also provides advisory services on structuring Waqf entities and managing Waqf wealth through its Waqf Program.
Headquartered in Jeddah, and with a branch in Riyadh, Kingdom of Saudi Arabia, Alkhabeer Capital is regulated by the Capital Market Authority (CMA), license no. 07074-37.
LEGAL DISCLAIMER
This document is issued by Alkhabeer Capital and it is intended for general information purposes only, and does not constitute an offer to buy or subscribe or participate in any security, nor shall it (or any part of it) form the basis of or be relied on in connection with or act as inducement to enter into any contract whatsoever. Alkhabeer Capital shall not be liable for any loss that may arise from the use of this document or its contents or otherwise arising in connection therewith.
Alkhabeer Capital, its affiliates or funds managed by Alkhabeer Capital or its affiliates may own securities or may be involved in advisory mandates in one or more of the aforementioned companies. Any projections, opinion, and statements regarding future prospects contained in this document may not be realized. All projections, opinions and statements included in this document constitute opinions of Alkhabeer Capital as of the date of this document, and are subject to change without notice. Any type of past performance cannot be construed as a guarantee of future results. Investment in the Funds is not a cash deposit with a local bank, The value, price and income from securities can go down as well as up. Investors may get back less than what they originally invested. Changes in currency rates may have an adverse effect on the value, price or income of the securities. All investors wishing to invest, should, in consultation with their financial and legal advisors, assess all the risks involved in the investment. Alkhabeer does not guarantee that the expected results will be achieved. Fund management fees are deducted from the initial amount contributed to the fund, and the investment funds may be charged with performance fees. This type of investment may not be suitable for all investors.
Investors should seek the advice of their investment advisors if they have any uncertainties.
For an illiquid security, it may be difficult for the investor to sell or realize the security and to obtain reliable information about its value or the extent of the risks to which it is exposed.
Prospective investors should read the fund Terms and Conditions and their contents related to investment risks as well as other documents carefully prior to making any investment decision. They are available on Alkhabeer Capital’s website www.alkhabeer.com.
For more details on Alkhabeer Capital, please visit www.alkhabeer.com.
Alkhabeer Capital on Social Media:
https://twitter.com/AlkhabeerCap
https://www.facebook.com/AlkhabeerCap
For further information, contact:
Abdulrahman Omar Baroom
Director of Corporate Services Division
Alkhabeer Capital
Direct +966 12 612 9344
Email a.baroom@alkhabeer.com
Ibrahim Anabtawi
Brunswick Gulf Ltd
Direct +971 (4) 446 6270
Email ALKHABEER@brunswickgroup.com
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