Arcapita closes SAR 1.8 billion Logistics Fund in Saudi Arabia
- Date: 06-Mar-2024
- Source: Arab Times
- Sector:Financial Services
- Country:Saudi Arabia
Arcapita closes SAR 1.8 billion Logistics Fund in Saudi Arabia
• The fund participants include a leading sovereign wealth fund from the GCC region and major institutional investors • Arcapita is investing in a portfolio of industrial real estate assets across Riyadh, Jeddah, and the Eastern Province Riyadh, Kingdom of Saudi Arabia – March 6, 2024 – Arcapita Capital Company (“Arcapita”), a subsidiary of Arcapita …
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• The fund participants include a leading sovereign wealth fund from the GCC region and major institutional investors
• Arcapita is investing in a portfolio of industrial real estate assets across Riyadh, Jeddah, and the Eastern Province
Riyadh, Kingdom of Saudi Arabia – March 6, 2024 – Arcapita Capital Company (“Arcapita”), a subsidiary of Arcapita Group Holdings Limited (“Arcapita Group”) announced today the closing of KSA Logistics Fund III for SAR 1.8 billion ($500 million), with participation from a leading sovereign wealth fund from the GCC region and other major institutional investors.
Youssef Al-Abdullah
Arcapita has already deployed a substantial amount of the fund in a sizable portfolio of industrial real estate assets across the manufacturing and warehousing sectors. Over the coming months, the Firm expects to execute on a