Itqan Capital launches 3rd Real-Estate Income Fund

In line with its goal to offer bespoke investment, Itqan Capital has announced the launch of its latest real estate income generating fund — 3rd Real-Estate Income Fund (REIF III).
The fund, as with the previously launched sister funds (REIF-I and REIF-II), offers clients the opportunity to invest in yielding real estate properties of various segments in major cities within Saudi Arabia. The fund’s offering period is scheduled to end on March 16.
REIF-III is a closed-ended, 4-year, income-generating fund that is domiciled in Saudi Arabia under the Investment Funds regulations issued by the Capital Market Authority.
Adil Saud Dahlawi, MD & CEO of Itqan Capital, said: “The REIF model that was created and launched by Itqan Capital in late 2011 has proven to be a very successful one by capitalizing on the lucrative real estate sector in Saudi Arabia, offering investors an annual cash yield of 7 to 8 percent distributed every six months while promising capital gains on the medium term.”
Itqan Capital, a Saudi-based investment company licensed by the Capital Market Authority, is headquartered in Jeddah, and is a member of Al Baraka Banking Group, an international Islamic bank headquartered in Bahrain with presence in 15 countries, 450 branches, and total assets in excess of $20 billion.
Its four main lines of business are asset management, principal investment, investment banking and custodial services.
The firm's business is focused on creating returns by providing a diversified range of products and services to clients that are synergistic and integral to each other in accordance with Shariah principles.