Itqan Capital's real estate fund pays out 3.75 per cent dividends.
According to Adil Saud Dahlawi, Managing Director and CEO of Itqan Capital, REIF-I have distributed to investors 3.75 per cent in dividends in first half of the year. "The fund continues to accomplish its objectives by investing in and managing a number of income generating Shari'ah-compliant real estate projects in prime locations across major cities in the Kingdom," he said. "We forecast that the fund will achieve an internal rate of return of 9-11 per cent per annum inclusive of semi-annual distributions throughout its life," he added.
2013 CPI Financial. All rights reserved.
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|Date:||Oct 3, 2013|
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