Musharaka Capital Completes the Offering and Commences Operations of Al Haram View Fund with an Expected Investment Size of 1.5 Billion

Musharaka Capital, a leading asset management company, has successfully completed the offering of the “Al Haram View Fund” and commenced its operational phase. The fund has an expected investment size of 1.5 billion and is built on an investment strategy aimed at generating attractive capital returns over the medium to long term through the development of a mixed-use real estate project (residential, commercial, and hospitality) in one of the most prominent and strategically located areas in Makkah. This is expected to further strengthen the real estate sector in the Holy City and support the Kingdom’s efforts to expand capacity for pilgrims and visitors.

The company also signed a Shariah-compliant banking facilities agreement with Al Rajhi Bank for an amount exceeding 687 million, to finance the closed-ended real estate fund “Al Haram View Fund”, whose project is located within the Jabal Omar Project in Makkah—one of the most significant modern developments in the central area adjacent to Al-Masjid Al-Haram.

These initiatives represent an integrated strategic step that reflects the strong confidence Musharaka Capital enjoys from both the banking sector and investors. They also demonstrate the company’s proven capabilities in real estate asset management and its ambitious vision to expand its presence in the Saudi real estate market, particularly in strategically important locations, in support of the objectives of Saudi Vision 2030.