RIYADH: The Jadwa REIT Saudi Fund has won regulator approval to boost the value of its assets by SR370 million ($98.5 million) as it targets a major mall deal.
It paves the way for the fund to acquire the Riyadh Boulevard complex in the Hittin district of the capital.
“This acquisition would expand and diversify the asset base currently owned by the fund, and therefore the fund manager expects that the impact of this development to be positive in general on the performance and results of the fund,” the statement said.
The Boulevard Riyadh is located near the King Abdullah Financial Center as well as the historical Diriyah Gate.
Jadwa gets nod to boost fund size by $98.5m as it targets Riyadh Boulevard deal
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Jadwa gets nod to boost fund size by $98.5m as it targets Riyadh Boulevard deal
- Regulator approval paves the way for the fund to acquire the Riyadh Boulevard complex in the Hittin district of the capital
ITFC tops the global rankings in Islamic crowdfunding deals for 2025
RIYADH: The International Islamic Trade Finance Corp., a member of the Islamic Development Bank Group, has topped the global rankings as the best Bookrunner and Mandated Lead Arranger in the 2025 Islamic syndicated finance deal rankings issued by Bloomberg and the London Stock Exchange Group Data & Analytics, achieving its continued leadership for the fifth consecutive year.
The Bloomberg ranking reflects the corporation’s ability to structure and lead syndicated trade finance deals, as well as its success in attracting a broad and diverse investor base globally.
The LSEG Data & Analytics ranking confirms the entity’s established leadership position and high credibility in international financial markets.
This dual recognition embodies the pivotal role the ITFC plays in mobilizing investments from private and public institutions worldwide to finance member countries of the Organization of Islamic Cooperation, while providing Islamic trade finance solutions that meet client needs and align with its development mission.
On this occasion, the CEO of ITFC Adeeb Al-Aama said: “The institution’s leading position in the global rankings of Islamic crowdfunding deals in Bloomberg’s tables and the LSEG Data & Analytics for 2025 reflects the strength and credibility of the crowdfunding platform through which the institution operates, its consistent performance, and its broad global presence.This achievement also confirms the international financial community’s confidence in the institution’s ability to innovate and lead high-quality Islamic finance deals.”
It is worth noting that the Islamic crowdfunding deals ranking tables issued by Bloomberg and the LSEG Data & Analytics are based on comprehensive market transaction data and are considered a primary reference for financial institutions worldwide through the Bloomberg and LSEG Data and Analytics platforms and systems.










