Riyad Capital has completed The Riyadh Real Estate Income Fund, the latest Shari'a-approved investment product offered by Riyad Capital to its clients, is the first of its kind as it is an open-ended fund with a 20-year life span that can be increased and invests in income-producing real estate projects, including showrooms, commercial offices, residential complexes and other investments that allow the fund manager to distribute annual cash dividends.

Riyadh Capital has announced its alliance with the Riyadh Real Estate Income Fund.

In the same context, Riyad Capital announced its alliance with Nayef Al Rajhi Investment Company and the participation of Memaar Development and Construction Company and Miral Advanced Investment Company to establish Eirad Real Estate Development Company, which will provide real estate development and management services for Riyad Real Estate Income Fund to serve the fund's objectives and support its chances of success.

Riyad Capital announced its alliance with Nayef Al Rajhi Investment Company, in addition to the participation of Memaar Development and Construction Company and Miral Advanced Investment Company.