SAUDI ARABIA: Islamic investment firm Yaqeen Capital has announced the launch and commencement of operations of the Yaqeen Income Generating Fund 2, a private, closed-ended Shariah compliant real estate fund with a total investment size of approximately SAR 500 million (US$133.3 million). The fund aims to acquire a diversified portfolio of income-generating real estate assets. Yaqeen Capital said the new fund is expected to contribute more than 5% to the company’s total revenues based on its latest audited annual financial statements.
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