22.02.2010 - Al Rajhi Capital and Arcapita launch $500 mln real estate fund
From Cpifinancial.net: Al Rajhi Capital, the investment banking subsidiary of Saudi Arabia's Al Rajhi Bank, and Bahrain-based Arcapita Bank have set up a $500 million (SAR 1.875 billion) fund, the ARC Real Estate Income Fund. The two companies will seed the fund with a joint investment of $50 million (SAR 187 million). They said they will combine their resources and expertise to source and acquire investments for the fund in “high-quality, income-generating” real estate assets in Saudi Arabia and other countries in the GCC........................Full Article: Source
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