Al Rajhi Capital, one of the largest investment firms in Saudi Arabia, has announced the successful closing of a private placement subscription for the Al Rajhi European Real Estate Fund focusing on logistics after raising SR581 Million ($155 million) in equity.
The five-year closed-ended fund will invest in income generating properties, such as warehouses occupied by solid tenants with long-term leases.
The objective of the fund is to provide its investors superior returns with balanced risk, bi-annually distributed current income, in addition to a potential for capital appreciation.
The main geographic focus of the fund will be Western Europe.
Gaurav Shah, CEO of Al Rajhi Capital, said: “This fund marks the commencement of the global expansion of our real estate investment platform. We continue to pursue investment in sectors where Al Rajhi Capital management has built deep expertise. The success in asset raising is a testament to both the significant track record that Al Rajhi Capital has built within the logistic real estate space and the continuing strong attributes of the sector”.
Abdulaziz Al-Sabt, brokerage and shared services director, Al Rajhi Capital, added: “The attractiveness of the logistic sector is underpinned by minimal speculative development, strong tenants, long leases, stable recurring income with potential for capital appreciation. The continuing trend toward online sales is expected to accelerate the need for good quality distribution networks which translates into demand for warehouses and other logistics properties near trade routes such as ports and airports.”
Al Rajhi Capital has managed over $1 billion in transactions across the logistics and community retail space and recently successfully exited a $360 million fund focused on investing in Saudi and UAE logistics.
Established in 2008, Al Rajhi Capital is one of the leading providers of financial services in Saudi Arabia, providing a comprehensive range of innovative financial solutions across brokerage, asset management and investment banking.
Al Rajhi Capital is the top ranking broker and one of the largest asset managers in Saudi Arabia.
Al Rajhi Capital raises SR581m for European Real Estate Fund
Al Rajhi Capital raises SR581m for European Real Estate Fund
German Minister of Economy and Energy visits Juffali Industrial Business Park in KAEC
Juffali recently welcomed German Federal Minister of Economy and Energy Katherina Reiche, during an official visit to the Juffali Industrial Business Park in King Abdullah Economic City, in the presence of Khaled Juffali, chairman of Juffali, and senior executives. The visit, on Feb. 2, marks a significant milestone in strengthening Saudi–German industrial cooperation.
Covering a total land area of 400,000 square meters, the business park serves as a strategic platform for advanced manufacturing and industrial localization in the Kingdom. The visit highlighted key joint industrial projects developed in collaboration with leading global partners, reflecting a shared commitment to long-term investment, technology transfer, and local value creation.
The official program included welcoming remarks and ceremonial milestones, during which Liebherr laid the foundation stone for its factory, while Juffali Industrial Products Company and National Automobile Industry placed the cornerstone for their manufacturing facility, symbolizing the advancement of two flagship industrial projects within the business park.
The Juffali Industrial Products Company and National Automobile Industry facility will have an annual production capacity of 6,000 trucks, while Liebherr’s plant is designed to produce up to 1,000 concrete mixers annually. Both facilities will operate with 100 percent local assembly and manufacturing in Saudi Arabia, reinforcing the Kingdom’s localization agenda and supporting the development of national industrial capabilities.
These projects represent a significant addition to Saudi Arabia’s industrial ecosystem and align closely with the objectives of Saudi Vision 2030, supporting sustainable industrial growth, job creation, and high-value manufacturing.
Khaled Juffali reaffirmed Juffali’s commitment to expanding international partnerships and contributing to the Kingdom’s economic diversification through long-term industrial collaboration with leading global partners, further strengthening KAEC’s position as a regional hub for advanced manufacturing.
