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  •  Fund name: Souq Sharq
  •  Fund Type: Private
  •  Sector: Retail
  •  Fund’s assets name: Souq Sharq
  • Opening year: April 2011
  • Acquisition stake: 100%
  • Ownership: Leasehold interest
  • Launch date of fund: December 2014
  • Fund Durations: 15 years, extendable by 1 year
  • Fund Size: 180 millions

 

Souq Sharq comprises a retail plaza providing a total leasable area of 68,058.01 sqm. There are 21 buildings, with a height of G/G+M. The Property is occupied by furniture showrooms except for Dr. Cafe drive through coffee shop along the Eastern Ring Road west of Building K. Souq Sharq is located in the Jazirah district of Riyadh, Saudi Arabia. The property is located on the Eastern Ring Road Road in proximity to exit 17 – Al Madinah Al Moanaorah Road, IKEA, and Outlet Mall.

 

 

  • Fund name: Qannas
  • Fund Type: Private.
  • Sector: Retail, residential and dining district
  • Fund’s assets name: Plaza 1 and Dhiyafah
  • Opening Date: Plaza 1: End of 2015 & Dhiyafah: January 2018
  • Launch date of fund: January 2014
  • Fund Durations: 5 years, extendable by 1 year
  • Fund Size SAR: 117.4 millions

 

Qannas fund has been launched in January 2014 including two properties (Plaza 1 and Dhiyafah). Regarding the fund’s assets, Plaza 1 is a mixed-use development spreading over land area of 9,588sqm including 50 apartments and 12 showrooms. Plaza 1 has prime locations on King Abdulaziz road with proximate locations to three highways and main roads (Northern ring road, Ryiadh-Qassim street and Takhassosi street). Plaza 1 started its operations by the end of 2015. Dhiyafah is a dining district located in An-Nakhil district in Riyadh city. The Property has a total land area of 9,100 Sqm including 10 shops. The project located on northern ring road with proximate locations to prince Turki bin Abdulaziz road.

 

 

 

  • Fund name: Qannas 2
  • Fund Type: Private.
  • Sector: Retail, office, residential and Gym
  •  Fund’s assets name: Tihama, Plaza 2and Body Master
  • Opening Date: Tihama: May 1981 & Plaza 2: January 2018
  • Launch date of fund: December 2015
  • Fund Durations: 5 years, extendable by 1 year
  • Fund Size: 112 millions SAR

 

Qannas 2 fund has been launched in December 2015 including three properties (Tihama, Plaza 2 and Body Master). Regarding the fund properties, Tihama is a mixed-use development consisting of showrooms and office area, made of 6 floors in total and spreading over land area of 2,500sqm. Tihama has BUA of 7,468 sqm including 10 shops and 17 office areas. The Property has prime locations on Al Andalus road in Jeddah.
Plaza 2 is a strip mall consisting of showrooms and residential furnished units, made of 8 floors in total and spreading over land area of 4,800sqm. The project located on King Abdulllah road with proximate locations to highways and main roads (Prince Turki RD and Takhassosi street).

 

 

  • Fund name: Cayan Mefic Tower Fund
  • Fund Type: Private.
  • Sector: Office and Retail
  • Construction Finishing Date: End 2017
  • Launch date of fund: September 2015
  • Launch date of fund: January 2014
  • Fund Durations: 2 years, extendable by 1 year
  • Fund Size: 62.6 millions SAR

 

Cayan Mefic Tower Fund has been launched in September 2015. The fund aims to build office Tower featuring 12 Floors, mezannine and in front shops spreading over land area of 2,334 sqm. CMC Tower is located at Riyadh in Almalqa district on King Fahad road with proximate locations to three highways and main roads (King Salman Road ,Northern ring road and Takhassosi street).

 

 

 

  •  Fund name: Manazel Quortoba II
  •  Fund Type: Private.
  •  Sector: Residential.
  •  Construction Finishing Date: End 2017
  • Launch date of fund: November 2013
  • Fund Durations: 3 years, extendable by 1 year
  • Fund Size: 100 millions SAR 

Manazel Quortooba II Fund was established in November 2013. The purpose of the fund is to develop raw land plot measuring 132,585 sqm by building a residential units at the Quortoba district in Riyadh city . The project is located near to major roads such as the northern ring road and the airport road. There are also some vital sites nearby such as Princess Nourah University, Imam Mohammed bin Saud university and The Business Gate.

 

 

  • Fund name: MEFIC Real Estate Income Fund
  • Fund Type: Public.
  • Sector: Residential Complex.
  • Launch date of fund: March 2012
  • Fund Durations: 4 years, extendable by 2 year.
  • Fund Size: 96.3 millions SAR

 

Real Estate Income Fund was established in March 2012. The objective of the Fund is to purchase residential and commercial real estate in the Kingdom of Saudi Arabia on a condition that it is rented in advance with a known annual return, or purchase the right to benefit from it and achieve stable returns for investors annually, and distributing a significant portion of it on a yearly basis over the term of the Fund. And to achieve this goal the Fund has acquired a residential compound at Alkhozama district in Riyadh city.

 

 

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