Jadwa Investment launches SAR 1 billion AlDar investment fund

AlDar Investment Fund is a closed-end, Shariah-compliant real estate investment fund with a total size of SAR 1 billion (USD 266 million) and a fund term of three years plus two one-year extensions

Jadwa Investment launches SAR 1 billion AlDar investment fund

Riyadh: Jadwa Investment, a leading regional investment management and advisory firm, announced today the successful launch of its AlDar Investment Fund in partnership with AlMajdiah Group, and Riyad Bank. .

AlDar Investment Fund is a closed-end, Shariah-compliant real estate investment fund with a total size of SAR 1 billion (USD 266 million) and a fund term of three years plus two one-year extensions. The fund received strong demand from investors.

The objective of the fund is to develop more than 1,500 residential units across multiple prime locations in Riyadh by constructing several high-quality residential apartment complexes that target mid- to high-income households. In doing so, Jadwa and AlMajdiah aim to serve the growing demand for residential units, in line with various government initiatives introduced by the Vision 2030 Housing Program to enable home ownership and expand the residential real estate sector.

Commenting on the launch of the fund, Tariq Al-Sudairy, Managing Director and CEO of Jadwa Investment highlighted, “The launch of the AlDar Investment Fund continues our commitment to offer our clients diversified investment opportunities across asset classes. We have been very active in the local real estate market where we see strong investment fundamentals, and we are particularly proud of our partnership with AlMajdiah Group.”

Haitham Al-Ghannam, Managing Director and Head of Real Estate at Jadwa Investment, added, “The record demand shown during the fund’s offering period demonstrates the attractiveness of the local residential real estate market today, particularly in Riyadh, where we intend to expand further.”

Khalid Al Majed, Chairman of AlMajdiah Group, said, “The launch of AlDar Investment Fund reflects AlMajdiah Group’s strategy to serve both home-owners and investors by developing high-quality residential complexes in prime locations. We are well served by our partnership with Jadwa Investment, which strengthens our ability to deliver distinctive projects with the backing of high-quality investors.”


About Jadwa Investment

Jadwa Investment is a Riyadh-headquartered investment management and advisory firm with assets under management of SR 35 billion in public markets, private equity, real estate, private credit, and fixed income. The firm's clients include government-related entities, local and international institutional investors, leading local family companies and offices, and high-net-worth individuals. Jadwa Investment is licensed by the CMA as a capital market institution, with registration number 6034/37.

For more information, kindly contact the head office at:
Phone +966 11 279-1111
Fax +966 11 279-1571
P.O. Box 60677, Riyadh 11555
Kingdom of Saudi Arabia

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases