Mulkia – Makkah Real Estate Fund is a private closed-end real estate fund and it complies with the Capital Market Authority’s rules and regulations. The fund main goal is to acquire a raw land located in Makkah City for the purpose of developing infrastructure and providing all necessary services. It also aims to make capital returns for the fund’s investors by selling developed commercial and residential lands after the project has ended.
|Fund Name||Mulkia - Makkah Real Estate Fund|
|Fund Currency||Saudi Riyal|
|Fund Type||Privet close-end real estate fund|
|Fund Period||Three years, extendable for Three years|
|Fund Unit Offering Price||10 SAR|
|Fund Objectives||Acquiring a raw land in Makkah City for the purpose of developing the infrastructure and providing the all necessary services before selling the lands in the forms of commercial and residential lands and making capital returns for the fund investors.|
|Fund Start Date||22/05/2023|