Arbah Capital ends 2020 with four successful investments, raising AUM to 1.6 billion riyals

Arbah Capital ends 2020 with four successful investments, raising AUM to 1.6 billion riyals

Arbah Capital announced the closing of the year 2020 with exceptional success, despite facing difficult circumstances triggered by the COVID-19 pandemic.

The company said it was able to close two acquisitions in the US and provide refinancing for a real estate project located in the United Kingdom, with a total investment exceeding $ 150 million, thus achieving the highest gains in AUM in the company's history. Net profit was around 6.4 million riyals, compared to 4.8 m riyals for the year 2019, a growth of 32%.

Arbah attributed the growth in profits to new investments in international real estate and contribution from the increase in the percentage of portfolios managed as an agent in the Saudi stock market. Saud Al-Ansari, Chairman of the Board of Directors, said, “We decided at the end