September 10, 2019 (Jeddah)
According to an article published on Trade Arabia, Alkhabeer Capital has successfully exited Alkhabeer Land Development Fund II (ALDF II) and achieved a 44.6% in net cumulative returns. ALDF II was a $231 million Shariah-compliant closed-ended fund that generated capital growth through the acquisition, development and sale of more than 242,000 sq. m of commercial and residential land in one of the city’s three special development zones located in the downtown area, the Alworood District (Jeddah’s Old Airport district).
Read the original article on Business Today: Alkhabeer Capital exits major Saudi investment fund