Mulkia – Alajlan Riviera Fund is a closed public real estate investment fund, Shariah-compliant and regulated by The Capital Market Authority. The fund obtained the approval of the CMA for the offering on 10/13/1442 AH, 05/25/2021 AD. The fund aims to invest in residential commercial land located in the city of Riyadh – Qurtubah district, to develop the land in the form of high-end residential units (Alajlan Riviera 24) in order to achieve capital returns through the sale of the fund’s assets.
| Fund Name | Mulkia – Al-Ajlan Rivera fund |
|---|---|
| Fund Manager | Mulkia Investment |
| Fund Currency | Saudi Riyal |
| Fund Type | Public closed fund |
| Fund Period | One year and half extendable for one year for liquidation. |
| Unit Price at IPO | 10 SAR |
| Risk Level | Intermediate – High |
| Fund Objectives | The fund aims to provide an investment opportunity for its investors through investing in the construction of a commercial and residential land located Riyadh city - Qurtuba district, as residential units, including high-end apartments, and achieving capital returns for its investors from selling these apartments. |
| Date of Commencement | 29/08/2021 |
· Location of the fund’s land plot: https://goo.gl/maps/ebniqQG7diYJpaz39
· We are glad to take your questions and inquiries regarding Alajlan Riviera Fund and Project on the E-mail of the fund: crm@mulkia.com.sa
| # | File Name | View |
|---|---|---|
| 1 | Terms and Conditions for Mulkia-Alajlan Riviera Fund | view |
| # | File Name | View |
|---|---|---|
| Report of the First evaluator in first half of 2023 | view | |
| Report of the Second evaluator in first half of 2023 | view | |
| Report of the First evaluator in first half of 2022 | view | |
| Report of the Second evaluator in first half of 2022 | view | |
| Report of the First evaluator in second half of 2021 | view | |
| Report of the Second evaluator in second half of 2021 | view | |
| Report of the First evaluator in first half of 2021 | view | |
| Report of the Second evaluator in first half of 2021 | view |
| Fund Name | Mulkia- Alajlan Riviera Fund |
|---|---|
| Subscription Period Ended | 26 August 2021 |
| Collected Amount (SAR) | 52,000,000 SAR |
| Operation Start | 29 August 2021 |
