Real Estate Funds

Real Estate Management

Real Estate Funds

This fund represents the first partnership in the Saudi market between a financial company and a private investment company under a Saudi club, constituting a closed-end real estate investment fund compliant with Shariah investment standards. It has been established in accordance with regulations and regulations applicable in the Kingdom and is subject to the directives and instructions of the Capital Market Authority. The primary purpose of the fund is to acquire two residential properties in Riyadh, then lease the residential units (apartments) in these properties and distribute rental returns to investors during the investment period, alongside capital growth. This is achieved upon liquidation of the fund and realization of capital gains, either through selling the entire properties or selling individual residential unit.

Hilal Riviera Income Generating Real Estate Fund

Establishment Date: 2022

Geographical Scope: Saudi Arabia, Riyadh

Strategy: Income Generating

A closed-end real estate fund compliant with Islamic Sharia, established in partnership with Awaed Financial Assets, the owner of the Awaed platform for subscription to real estate and investment funds, and it is the first of its kind in partnership with Al Hilal Real Estate Company. The fund operates in several projects covering an area of over 12,000 square meters, with 88 residential units including luxury apartments and modern townhouses. The fund aims to achieve periodic returns and distribute rental income to investors. The fund's duration is four years, extendable for an additional two years.

Darko First Real Estate Development Fund (Jeddah)

Establishment Date: 2022

Geographical Scope: Saudi Arabia, Jeddah

Strategy: Construction Development

A closed-end real estate fund compliant with Islamic Sharia, established in partnership with Awaed Financial Assets, the owner of the Awaed platform for subscription to real estate and investment funds, and Darko General Contracting Company. The fund aims to acquire residential land in the city of Jeddah to establish four residential complexes with a total of 184 housing units, to achieve capital gains.

Rassanah Primary Real Estate Development Fund (Rivan Makkah)

Establishment Date: 2023

Geographical Scope: Saudi Arabia, Makkah

Strategy: Primary Development (Infrastructure)

A closed-end real estate fund compliant with Islamic Sharia that aims to acquire raw land in the city of Makkah with an area of 600,000 square meters for the purpose of primary development, subdividing it into plots, and selling them to achieve capital gains.