Musharaka Capital announces the success of closing and liquidating the “La Perla” Fund with a return exceeding 95%
23 October 2022
Musharaka Financial Company Successfully Liquidates “La Perla” Private Real Estate Investment Fund with a 95.59% Return
Musharaka Financial Company has successfully completed the liquidation of the “La Perla” Fund, a closed private real estate investment fund, achieving an impressive return on investment of 95.59%.
Launched in January 2021, the fund acquired a prime undeveloped land plot spanning 180,000 square meters in a strategic location north of the Corniche in Al Khobar, Eastern Province. This location is considered one of the most vibrant and prominent waterfront destinations in Saudi Arabia, surrounded by major commercial, tourism, and entertainment projects, making it a highly attractive investment opportunity.
Ibrahim Fahad Al-Assaf, CEO of Musharaka Financial Company, commented:
“We thank God for this success and congratulate our investors on this exceptional return achieved in a short period. At Musharaka Financial, we always strive to meet our clients’ expectations by offering high-quality investment products that contribute to growing their capital. This success reflects the remarkable economic boom and development taking place across Saudi Arabia under the country’s visionary leadership.”
The La Perla Fund aligns with Saudi Vision 2030, supporting economic, entertainment, and tourism transformations aimed at enhancing quality of life. The land will be developed into a mixed-use project featuring tourism, entertainment, and residential components, positioning it as one of the top attractions in Saudi Arabia.