King & Spalding, a leading international law firm, announced today that it advised Al Rajhi Capital and Arcapita Bank in the formation of the ARC Real Estate Income Fund, a Shari'ah-compliant real estate investment fund registered with the Saudi Arabian Capital Markets Authority and targeting USD 500 million in commitments.
The fund will focus on income-generating properties in Saudi Arabia and the Arabian Gulf region, including logistics warehouses, healthcare centers and education-related assets............................................Full Press Release: Source
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