Riyadh – Mubasher: The Saudi asset management company Alkhabeer Capital has successfully exited Alkhabeer Land Development Fund II (ALDF II) which achieved 44.6%in net cumulative returns to its investors, according to a press release on Monday.
The Shariah-compliant closed-ended fund ALDF II has raised SAR 850 million, in addition to generating capital growth through the acquisition, development of necessary infrastructure, and sale of over 242,000 square metres of commercial and residential land in Alworood District “Jeddah’s Old Airport district”.
It is worth pinpointing that Alkhabeer Capital is headquartered in Jeddah specialised in alternative investments, authorised by the kingdom’s Capital Market Authority (CMA).
“Our successful exit from ALDF II, and the returns we have generated for our clients through this fund, exemplifies Alkhabeer Capital’s strength in identifying high-growth opportunities and navigating market cycles smoothly,” CEO of Alkhabeer Capital Ahmed Saud Ghouth commented on the exit.
