Musharaka to launch 13 real estate funds in 2024: CEO

25/02/2024 Argaam Special

Musharaka to launch 13 real estate funds in 2024: CEO

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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