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Islamic Finance Briefing - Categorized | Funds, New Launches more

ANB Invest launches real-estate fund

Posted on 22 February 2011

From Arabnews.com: ANB Invest, the investment arm of Arab National Bank, announced the launch of its new real-estate fund “Al-Mubarak Diyar Jeddah Real-Estate Fund”, a Shariah-compliant closed-end real-estate fund licensed and regulated by the Saudi Arabian Capital Market Authority in a public offering from Feb. 19 to April 3.
The fund seeks to achieve capital appreciation through investment in the development of a fully serviced, residential real estate project targeting the middle-income class……………………………………….Full Article: Source

 
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