Similar news
Launch of a New Real Estate Fund to Support the Residential Sector Worth SAR 1.1 Billion
Safa Investment has announced the launch of "Flow MENA Residential Fund I", an income-generating fund with a total value of SAR 1.1 billion, in partnership with Flow and SICO Capital, during its participation in the Cityscape Global exhibition in Riyadh.
This closed-end real estate fund marks a strategic step to support the residential sector in Saudi Arabia. It has successfully acquired five newly constructed residential compounds designed to meet the highest global standards. The fund aims to furnish, operate, and lease these compounds to provide an integrated residential experience that aligns with the expectations of tenants and investors.
Safa Investment highlighted that the fund is based on an innovative global model that enhances the appeal of investing in the residential sector, focusing on generating sustainable returns and diversifying income streams during the fund’s operation. It represents a promising investment opportunity that supports the growth of the real estate market in the Kingdom, in line with Vision 2030.
