| From Business24-7.ae: Rasmala Investments, a Dubai-based investment banking firm, will launch a closed-end real estate fund in the range of $75 million (Dh275.25m) and $100 million in August, targeting mid-end residential developments in Saudi Arabia, a top company executive said.
Tamer Bazzari, CEO, Rasmala Investment Bank, said: "The fund will target specific middle-income residential projects in Saudi Arabia with the primary focus being developments in Riyadh. This is where we believe the 'sweet spot' of real estate investments in Saudi Arabia is, given the demographics and growing population.''...............................................Full Article: Source
|