Jadwa Investment Launches AlDar Investment Fund in Partnership with AlMajdiah Group and Riyad Bank

AlDar Investment Fund, a closed-end, Shariah-compliant real estate investment fund, has been launched by Jadwa Investment (Jadwa), together with AlMajdiah Group and Riyad Bank. The fund’s plan is to construct multiple high-quality residential apartment complexes whose target dwellers are those from middle-income to high-income households. The total size of the fund is SAR 1 billion (USD 266 million) and its term is three years with two extensions of one year each.

Why it Matters?

The fund has garnered strong demand from investors with the offering period indicative of the attractiveness of Saudi Arabia’s real estate market, according to Managing Director of Real Estate at Jadwa, Haitham Al-Ghannam. There has been a growing demand for resid...