Itqan Capital announces launch of its 3rd Real-Estate Income Fund
In line with their goal to offer bespoke investment offerings to their clients, Itqan Capital has announced the launch of their latest real estate income generating fund “REIF III”.
The fund, as with the previously launched sister funds (REIF-I and REIF-II), offers clients the opportunity to invest in yielding real estate properties of various segments in major cities within the Kingdom of Saudi Arabia.
The fund’s offering period is scheduled to end on March 16th 2014.
REIF-III is a closed-ended, 4-year, income-generating fund that is domiciled in Saudi Arabia under the Investment Funds regulations issued by the Capital Market Authority.
Mr. Adil Saud Dahlawi, Managing Director and CEO of Itqan Capital, commented, “The REIF model that was created and launched by Itqan Capital in late 2011 has proven to be a very successful one by capitalizing on the lucrative real estate sector in Saudi Arabia, offering investors an annual cash yield of 7 – 8% distributed every six months while promising capital gains on the medium term.”
Memac Ogilvy Public Relations, Jeddah
T: (00966) 2 651 0704 ext. 301