“Alkhabeer Land Development Fund II” delivers
44.6 percent in net returns to investors
Jeddah, Saudi Arabia – 9 September 2019: Alkhabeer Capital, a prominent asset management company specializing in alternative investments, announced that it has successfully exited “Alkhabeer Land Development Fund 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 “Jeddah’s Old Airport district”, one of the city’s three special development zones that are located in the downtown area.
Commenting on the exit, Mr. Ahmed Saud Ghouth, Alkhabeer Capital’s Chief Executive Officer, said: “Our successful exit from ALDF II, and the returns we have generated for our clients through this fund, exemplifies Alkhabeer Capital’s strength in identifying high-growth opportunities and navigating market cycles smoothly. We will continue with this approach, keeping our clients at the centre of our investing decisions.”
Alkhabeer Capital, headquartered in Jeddah in the Kingdom of Saudi Arabia, specializes in alternative investments and investment services. It is authorized by the Capital Market Authority, license number 07074-37.