Musharaka Finance announces the termination and liquidation of the First Majidiya Real Estate Fund and achieved returns of 56%

In a remarkable achievement, Musharaka Capital has announced the completion and liquidation of the Al-Majdiah Real Estate Fund I, which included two projects: Al-Majdiah 122, located in King Salman District, and Al-Majdiah 134, located in Al-Izdihar District in Riyadh. The fund comprised a total of 110 residential units and achieved an exceptional return of 56% over three years since its launch.

The company stated that the fund provided investors with the opportunity to invest in strategic locations in Riyadh’s King Salman and Al-Izdihar districts. This initiative is part of a series of investment opportunities offered by Musharaka Capital to its clients.

Additionally, the company emphasized that the fund is a private, closed-end real estate investment fund compliant with Shariah principles. It was established in accordance with the investment fund regulations issued by the Capital Market Authority.

Ibrahim bin Fahd Al-Assaf, Managing Director and CEO, expressed his gratitude, attributing the fund’s success to the combined efforts of the fund manager and developer. He highlighted that the selection of strategic locations, along with high professionalism in development, execution, and sales, played a crucial role in achieving the fund’s objectives.

Furthermore, the Managing Director congratulated the fund’s investors on this achievement and reaffirmed that Musharaka Capital is committed to continuously providing suitable investment products that align with market needs while ensuring attractive returns with acceptable risk levels.

It is worth mentioning that Musharaka Capital is a closed joint-stock company licensed by the Capital Market Authority under license number 27-13169. The company offers investment opportunities that comply with Shariah principles.