With a capital of 6.09 billion riyals, the Capital Market Authority (CMA) approved the public offering of units of Alinma Makkah Real Estate Fund after a request submitted by Alinma Investment Company, provided that the duration of the fund will be five years, extendable for a similar period.

The Alinma Makkah Real Estate Fund is an income-generating real estate investment fund. Alinma Makkah Real Estate Fund is an income-generating real estate investment fund, which is closed, publicly offered and compliant with Shari'ah standards and controls.

The main objective of the fund is to acquire developed and income-generating properties in the hotel, hospitality and commercial centers sector in the Holy City of Makkah, specifically located within the first phase of the Jabal Omar project next to the Grand Mosque.

The fund's main objective is to acquire developed and income-generating properties in the hotel, hospitality and commercial centers sector in the Holy City of Makkah. These assets will be leased back to Jabal Omar Development Company for a period of 10 years with a return of 540 million riyals (%9 of the acquisition cost) of 6 billion riyals and semi-annual rental payments paid for each period during the term of the fund. The fund's assets consist of hotel towers and two commercial complexes within the first phase of the Jabal Omar project, detailed as follows:

The fund's assets consist of hotel towers and two commercial complexes from within the first phase of the Jabal Omar project, detailed as follows:

- Three hotels: Hilton Hotel Suites, Hyatt Regency, and Conrad

- Two commercial complexes (Hebron Market): Two commercial complexes with four floors per complex.

In this regard, the CMA said that the decision to invest without reading the terms and conditions of the fund and studying its content may involve high risks, so the investor should read the terms and conditions of the fund, which contain detailed information about the fund, investment strategy and risk factors, and study them carefully to be able to assess whether the investment is feasible or not in light of the associated risks, and if the contents of the terms and conditions cannot be understood, it is preferred to refer to the fund manager for more information.

In this regard, the CMA said that the decision to invest without reading the terms and conditions of the fund and studying their content may involve high risks. It indicated that its approval of the offering should not be seen as an endorsement of the feasibility of investing in the fund, as its decision to approve the offering means that the statutory requirements have been complied with according to the Capital Market Law and its executive regulations.

Regulatory requirements have been complied with according to the Capital Market Law and its executive regulations.