Mulkia – Al Ajlan Riviera Fund 2 is a private closed-end real estate investment fund that complies with the rules and regulations of the Capital Market Authority and the regulatory authorities in the Kingdom of Saudi Arabia and with the controls of Islamic Sharia. It obtained the Authority’s approval for the offering on 05/23/1446 AH corresponding to 11/25/2024 AD. The fund aims to acquire a residential and commercial land located in Riyadh – Al Sulaymaniyah district, in order to develop it in the form of high-end residential towers in order to achieve capital returns by selling real estate assets to those wishing to own residential units.
