Dallah Healthcare, AlJazira Capital set to launch investment real estate fund in Riyadh

Dallah Healthcare Co. plans to sign a joint memorandum of understanding (MoU) with Dallah Real Estate Co., AlJazira Capital and Tatweer to launch an investment real estate fund to appreciate partners’ capital through acquiring land plot and implementing construction development program.

The fund aims to establish a mixed-use investment building that includes commercial, office, hotel, and healthcare spaces on a 26,000 square meter-area on King Fahd Road in Riyadh, Al-Eqtisadiah newspaper reported, citing unnamed sources.

Aljazira Capital will complete the procedures related to the fund establishment in addition to undertaking management tasks, while Dallah Healthcare and Dallah Real Estate will join as investors in kind in the fund, equivalent to 100% of the land value, while Tatweer will join as a cash investor in the fund.