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.

• 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