Musharaka to launch 13 real estate funds in 2024: CEO

25/02/2024 Argaam Special
IbrahimAlassaf, CEOand Managing Directorof Musharaka Capital Co.

Ibrahim Alassaf, CEO and Managing Director of Musharaka Capital Co.

Ibrahim Alassaf, CEO and Managing Director of Musharaka Capital Co., said that assets under management (AUM) reached about SAR 5 billion by the end of 2023, with plans to increase AUM by 50% this year.

 

In an interview with Argaam, Alassaf stated that the company plans to launch 13 real estate funds in 2024 in a private placement, mainly focusing on investments in Riyadh.

 

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He noted that the company focuses on real estate development, including residential, commercial, office, and hotel projects, with sizes between SAR 1 and SAR 2 billion.

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