AlJazira Capital, in collaboration with Target Real Estate, has completed the launch and operation of the “AlJazira Target AlSharq Real Estate Fund,” a closed-end private real estate investment fund compliant with the Shariah guidelines set by AlJazira Capital’s Shariah Committee.

Mr. Naif Al-Musaind, CEO and Managing Director of AlJazira Capital, stated that the targeted investment size of the fund is SAR 660 million, and that the fund’s investments will primarily focus on infrastructure development in Riyadh.

Mr. Bandar Al-Huqail, Head of Real Estate Assets at AlJazira Capital, explained that the main objective of the fund is to enhance the growth of invested capital by acquiring undeveloped land in the eastern part of Riyadh and developing the infrastructure of the planned area by providing high-quality essential services that support a luxurious lifestyle.

Mr. Fahad Al-Bulaid, General Manager of Target Real Estate, indicated that the launch of the fund aligns with the company’s plan to develop projects that respond to the growing demand in Riyadh. It also aims to strengthen the company’s portfolio of projects known for offering a high quality of life.

It is worth noting that AlJazira Capital is a financial market company licensed by the Capital Market Authority (License No. 37-07076) to conduct all securities business.