Two Jadwa Investment funds invest $133mln in private real estate fund

The private fund’s investments goals are to offer investors a stable stream of income

  
Skyscrapers in Riyadh, Saudi Arabia. Image used for illustrative purpose

Skyscrapers in Riyadh, Saudi Arabia. Image used for illustrative purpose

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Riyadh –  Jadwa Investment on Monday announced that Jadwa REIT Saudi Fund and Jadwa REIT Al Haramain Fund have invested SAR 450 million and SAR 50 million, respectively, in a closed-ended Shariah-compliant private real estate investment fund that is managed by Jadwa Investment.

The private funds' investments goals are to offer investors a stable stream of income in addition to capital appreciation in the medium to long term through acquiring income-generating real estate assets in Saudi Arabia, according to a bourse filing.

The two investments are expected to reflect positively on the financial results of Jadwa REIT Fund and Jadwa REIT Al Haramain results for the first quarter (Q1) of 2021.

Source: Mubasher

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