ALKHABEER Capital, a leading asset management and investment firm in Saudi Arabia, has successfully exited from Alkhabeer Real Estate Fund I (AREF I), a private placement fund that aims to generate investor returns through the acquisition of income-generating real estate assets. The Fund delivered a 40.5% net cumulative return to investors and an annual cash-on-cash return of 8.1%. Commenting on the success of AREF I, Ammar A. Shata, Executive Director and CEO of Alkhabeer Capital, said "Alkhabeer endeavors continuously to provide its investors with unique opportunities to invest in local and international income-generating real estate products. Alkhabeer Real Estate Fund I has been able to generate a stable and healthy stream of income to its investors since the inception of the Fund. This strong performance comes on the back of our rigorous approach to investing and managing our funds' assets throughout the investment cycle until reaching a successful exit." Alkhabeer Capital launched AREF I in 2010 with the objective of capitalizing on the local real estate market by acquiring high-quality income-generating real estate assets. The Fund's underlying assets included a portfolio of residential villas in Riyadh as well as a portfolio of residential towers in Makkah. The mix of high quality tenants translated into timely and attractive cash flow to the Fund's investors throughout the investment term.
