A closed-ended private real estate investment fund that complies with Sharia standards and controls and was established in accordance with the provisions of the Investment Funds Regulations issued by the Capital Market Authority in the Kingdom.
The fund aims to generate capital gains for its unit holders by acquiring and developing 24 plots of land in Al-Narjis, Riyadh, to build around 66 townhouses and 63 residential floors. These units will be sold during the fund’s term through off-plan sales, direct sales, marketers, or auctions, in accordance with relevant regulations.
