Arcapita closes Saudi Logistics Fund III for SAR 1.8bn

Arcapita closes Saudi Logistics Fund III for SAR 1.8bn

Riyadh – Mubasher: Arcapita Capital Company, a subsidiary of Arcapita Group Holdings Limited, has closed Logistics Fund III at a value of SAR 1.80 billion ($500 million), according to a press release.

The transaction was concluded with participation from a leading sovereign wealth fund from the GCC region and other major institutional investors.

Arcapita has deployed a significant amount of the fund in a sizable portfolio of industrial real estate assets across the manufacturing and warehousing sectors.

Over the next months, the company is expected to execute a pipeline of further assets located in key locations across Riyadh, Jeddah, and the Eastern Province.

This established fund aligns with Arcapita’s strategy to leverage global expertise in industrial real estate across the Kingdom and support its ambitions of becoming a global logistics hub.

Hisham Al Raee, Deputy CEO of Arcapita Group, said: “We currently manage over SAR 3.8 billion ($1 billion) of industrial warehousing assets in KSA and the GCC region, and our investor base includes pension funds, sovereign wealth funds, and financial institutions.”

“The industrial and logistics sectors are key components of the Kingdom’s Global Supply Chain Resilience Initiative, which aims to attract SAR 40 billion ($10.60 billion) in investments,” Al Raee mentioned.

He underlined: “We look