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KSA Business: Saudi Alkhabeer Capital gets approval to up REIT asset value

Saudi-based Alkhabeer Capital said it had won approval from ....

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Saudi Alkhabeer Capital gets approval to up REIT asset value

Saudi Alkhabeer Capital gets approval to up REIT asset value
RIYADH, January 14, 2021
Saudi-based Alkhabeer Capital said it had won approval from Capital Market Authority to increase the total asset value of its real estate investment trust (REIT) fund.

A leading asset manager specialising in shari a-compliant investments and financial services, Alkhabeer Capital pointed out that the assets value boost was aimed at carrying out key regional acquisitions. These include:

Vision College for Education (previously known as Al Farabi College for Education): An educational property located in Al-Rayyan district, east of Al-Haramain highway, Jeddah.
Akun Cold Storages: Cold storage warehouses located at the intersection of King Faisal Road and South Corniche Street, King Faisal Naval Base, Jeddah. ....

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