Saudi-based asset management firm, Alkhabeer Capital, has successfully exited Alkhabeer Land Development Fund II (ALDF II), achieving 44.6 percent in net cumulative returns to its investors.
Over the years, the ALDF II, a Shariah-compliant closed-ended fund which raised SAR 850 million, generated capital growth through the acquisition, development of necessary infrastructure, [and sale] of more than 242,000 square meters of commercial and residential land in Alworood District, one of the city’s three special development zones located in the downtown area.
"Alkhabeer Capital's successful exit from ALDF II, and the returns we have generated for our clients through this fund, exemplifies our strength in identifying high-growth opportunities and navigating market cycles smoothly," CEO Ahmed Saud Ghouth said.
"We will continue with this approach, keeping our clients at the center of our investing decisions," he added.
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