<Al Rajhi Financial, one of the Kingdom's largest investment services companies, has raised 581 million riyals ($155 million). To invest in income-generating real estate such as warehouses rented from highly solvent companies with long-term leases to distribute the highest low-risk cash returns every six months during the life of the fund, and the fund is concentrated in Western European countries.

Al Rajhi Financial, one of the largest investment services companies in the Kingdom, was able to raise 581 million riyals ($155 million) for the Al Rajhi European Closed-Ended Real Estate Fund.

“This fund marks the beginning of the global expansion of our real estate investments, and we continue to invest in sectors where our management has accumulated deep expertise,” said Gaurav Shah, CEO of Al Rajhi Capital. The success in the size of the underwritten assets is a testament to the excellent track record Al Rajhi Financial has built in logistics real estate, as well as the strong and stable characteristics of the sector."

Gaurav Shah, CEO of Al Rajhi Financial.

Al Rajhi Financial has managed more than $1 billion in warehouse and retail real estate transactions and recently exited the $360 million ARC Real Estate Income Fund, which invested in warehouse and retail properties in Saudi Arabia and the UAE.

Al Rajhi Financial has managed more than $1 billion in warehouse and retail real estate transactions.