Al Rajhi Capital, the investment banking subsidiary of Saudi Arabia's Al Rajhi Bank, and Arcapita Bank, an international investment firm headquartered in Bahrain, announced the launch of a $500 million Gulf real estate fund.
The two companies will seed the fund with a joint investment of $50 million. They will source and acquire investments for the fund in high-quality, income-generating real estate assets, in the Kingdom of Saudi Arabia and other countries of the GCC. The focus will be towards logistics warehouses, as well as healthcare and education related assets.
Arcapita is listed in the Middle East Investors Directory with the code OR07.
Their full press release follows