NCB Capital Real Estate Fund raises SAR 280 million.
Commenting on the successful closure of the fund, Tariq Linjawi, Head of Wealth Management at NCB Capital, said: "The fund was able in a very short period to attract investors looking for a Shari'ah-compliant investment opportunity.
"We managed to close subscription in the fund in record time due to investors' confidence in the solid Saudi economy and supported by the fast growth of the local real estate sector along with huge demand for residential units in the Kingdom."
2012 CPI Financial. All rights reserved.
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|Date:||Feb 20, 2012|
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