RIYADH — Derayah Financial, a leading investment company licensed by the Capital Market Authority, has announced the closing of Derayah Real Estate Income Fund III (REIF III). The Fund invests in a number of real estate assets in in Saudi Arabia with a total asset of SR580 million.

The Shariah-compliant close-ended real estate private fund acquired income-generating real estate assets across different sectors in four Saudi cities.

"Our real estate income funds are designed to acquire existing leased properties that generate good income to our investors," said Mohammed Al-Shammasi, Chief Executive Officer of Derayah Financial. "Our professional team of experts carefully examines opportunities and delivers the right financial structure to ensure the best returns on investment with the lowest risk possible. We thank all our investors for their confidence and we promise to do our best to serve their financial objectives."

REIF III was launched to acquire the identified properties to meet the demands of investors searching for attractive and competitive annual income in the real estate market.

Derayah’s CIO - Alternative Investment Bassam Abdulaziz Noor explained: "Our newest real estate fund targets more than 12 existing and leased properties across various sectors in Saudi cities. We make sure to diversify our real estate portfolio to maximize profits and minimize risks. The weighted average lease to expiry for REIF III is 8.5 years."

Derayah Financial is a pioneer in investment solutions, given its transparent, independent, and easy approach. This is supported by a team that has deep and quality expertise in asset management and financial analysis in Saudi, GCC and global markets. — SG