AYYAN says the fund will invest in income-generating real estate assets
AYYAN Investment Co.said it signed a terms and conditions agreement with Al Rajhi Capital to establish a closed-ended real estate fund with a target size of about SAR 500 million, according to a statement to Tadawul. 
The fund will invest in income-generating real estate assets, focusing on developing a mixed-use project in Riyadh’s Al Janadriyah district.
AYYAN said the fund will acquire land and carry out superstructure works for a project comprising commercial and residential units.
In February, AYYAN signed a non-binding memorandum of understanding with Al Rajhi Capital and Sumou Holding Co. to establish a private real estate fund to develop a mixed-use project in Riyadh’s Al Janadriyah district, Argaam data showed.
The project was announced to span 83,446 square meters, with AYYAN contributing its land holdings as an in-kind investment.
AYYAN says the fund will invest in income-generating real estate assets
AYYAN Investment Co.said it signed a terms and conditions agreement with Al Rajhi Capital to establish a closed-ended real estate fund with a target size of about SAR 500 million, according to a statement to Tadawul.
The fund will invest in income-generating real estate assets, focusing on developing a mixed-use project in Riyadh’s Al Janadriyah district.
AYYAN said the fund will acquire land and carry out superstructure works for a project comprising commercial and residential units.
In February, AYYAN signed a non-binding memorandum of understanding with Al Rajhi Capital and Sumou Holding Co. to establish a private real estate fund to develop a mixed-use project in Riyadh’s Al Janadriyah district, Argaam data showed.
The project was announced to span 83,446 square meters, with AYYAN contributing its land holdings as an in-kind investment.
