Jadwa Investment launches Real Estate Growth Fund with target size of SAR 3 bln

The Real Estate Growth Fund launch ceremony

Jadwa Investment, a leading investment management and advisory firm in the Middle East, announced today the successful launch of its Real Estate Growth Fund in partnership with Tatweer Group, NUMU Holding Co. and Riyad Bank.

The Real Estate Growth Fund is a closed-ended Shariah-compliant real estate investment fund with a target size of SAR 3 billion, Jadwa Investment said.

The fund aims to provide investors a stable stream of income and compelling capital appreciation over the medium to long term by investing in differentiated, income-generating properties in the Kingdom, Jadwa Investment added, noting that the fund, towards this objective, has already acquired “The Zone”, one of Riyadh’s most prominent commercial assets, located in Al Mohammadiya district.

The Real Estate Growth Fund further builds on Jadwa’s continued focus on Saudi Arabia’s booming real estate landscape, Jadwa Investment added.

The fund also marks Jadwa’s third partnership with Tatweer Group and third collaboration in the real estate sector with Riyad Bank, which provided debt financing for the acquisition of “The Zone”. In addition, the fund will benefit from the expertise of NUMU Holding, a Tatweer subsidiary that will serve as the fund’s asset operator.

Tariq Al-Sudairy, Managing Director and CEO of Jadwa Investment, said: “The successful launch of the Real Estate Growth Fund underscores our belief in Saudi Arabia’s real estate sector and our commitment to provide clients the best selection of investment opportunities in this market.”

The Real Estate Growth Fund is part of Jadwa’s diversified real estate portfolio, which has expanded significantly in the last two years. As of February 2022, the firm is managing a total of SAR 12.6 billion in the real estate assets across its various development and income-generating funds, Jadwa Investment added.