Alkhabeer launches US$400m fund, targets KSA, UK

  • Share via facebook
  • Tweet this
  • Bookmark and Share
Alkhabeer Capital, a Saudi Arabian Shariah-compliant investment company, will launch a US$400m investment fund targeting assets in Saudi Arabia and Europe.

Alkhabeer Capital, a Saudi Arabian Shariah-compliant investment company, will launch a US$400m investment fund targeting assets in Saudi Arabia and Europe.

Alkhabeer Capital, a Saudi Arabian Shariah-compliant investment company, will launch a SAR1.5bn (US$400m) investment fund targeting assets in Saudi Arabia and Europe, the firm said in a statement.  

The Jeddah-based firm will raise three funds over two years targeting a total of SAR525m, including SAR125m for a residential development fund in the UK.

“We are considering more mature markets such as the US and Europe and we are in the process of identifying which markets we will tackle next and how,” Sherif Selim, director of asset management and head of real estate at Alkhabeer Capital, said in a statement.

The other two funds include a SAR150m residential development fund and a SAR250m industrial property development fund for “build to suit” situations, both of which are based in Saudi Arabia.

“The firm remains bullish about Saudi Arabian real estate. We believe that Saudi is and will remain the market with the most potential amongst the other GCC countries for many reasons: Saudi Arabia is the largest country in the GCC with strong business fundamentals and robust economic growth forecasts, which all combined make it a very attractive market place to investors,” said Selim.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Saudi Arabia builds start-up culture with state oil money

Saudi Arabia builds start-up culture with state oil money

Gov't has previously has found it hard to promote start-ups in...

Why PE's back in vogue in the Middle East

Why PE's back in vogue in the Middle East

Confidence is returning to the Gulf’s private equity market after...

The curious case of David Haigh

The curious case of David Haigh

The story of how the former Leeds United boss went from football...

3
Most Discussed