REAL ESTATE Archives

Saudi funds AuM reached $33bn in Q4

Nik Pratt -

The assets of foreign and domestic investment funds in Saudi Arabia grew by 5% in Q4 to reach US$33 billion. Local assets, which grew by...

ADQ acquires stake in Alpha Dhabi construction subsidiary

Nik Pratt -

Abu Dhabi sovereign wealth fund ADQ has acquired a 49% stake in Alpha Dhabi Construction Holding (ADCH). Parent company Alpha Dhabi Holding (ADH) will retain...

Saudi Arabia to downscale mega-city development

Nik Pratt -

NEOM, the US$500 billion megacity project that lies at the centre of Saudi Arabia’s Vision 2030 economic reform, is reportedly set to be significantly...

Investcorp to invest in US airport project

Nik Pratt -

Abu Dhabi-based alternative investment firm Investcorp Capital is set to invest in the US$4.2 billion redevelopment of JFK airport in the US. The investment is...

GFH’s London real estate business names chairman

Nik Pratt -

Zayed R Alzayani has been named as chairman of the board of Roebuck, the UK subsidiary of Bahrain-based GFH Financial Group. Roebuck is a pan-European...

Sedco Capital launches real estate fund

Nik Pratt -

Saudi Arabia-based asset manager Sedco Capital has unveiled a new real estate fund dedicated to a development project in Jeddah. Sedco has teamed up with...

UAE removed from money laundering grey list

Nik Pratt -

The Financial Action Task Force (FATF), the global watchdog for dirty money, has removed the UAE from its 'grey list' of countries deemed at...

Al Mal Capital REIT preps rights issue

Nik Pratt -

UAE-based real estate fund Al Mal Capital Real Estate Investment Trust (AMCREIT) has announced a “significant” rights issue. Following approval from the UAE Securities and...

Shuaa Capital denies privatisation rumours

Nik Pratt -

Dubai-based asset manager Shuaa Capital has refuted stories that it plans to delist from the Dubai Financial Market (DFM). In a statement to the exchange,...