Jadwa Investment launches real estate development fund in Middle East
Jadwa Investment, an investment management and advisory firm in the Middle East, has launched a new fund in partnership with Dar Al Majed Real Estate Company and Arab National Bank.
Al Dar Investment Fund 2 is a closed-end Shariah-compliant real estate development fund with a target size of SAR 1 billion ($266 million). The fund will seek to acquire multiple land plots across prime locations in Riyadh and develop them into residential apartment complexes targeting mid-to-high income households.
The previous Al Dar Investment Fund was launched in the first quarter 2021 with the same target size of SAR 1 billion ($266 million).
“Al Dar Investment Fund 2 offers our clients the opportunity to invest in the strong fundamentals of the residential real estate sector and in partnership with Dar Al Majed Real Estate Company, one of the most distinctive real estate developers in the Saudi market,” said Tariq Al-Sudairy, managing director and CEO of Jadwa Investment,