Riyadh - Mubasher: Yaqeen Capital Company has launched and commenced operations of the Yaqeen Madinah Hotel Fund, according to a bourse filing.
The fund is a private, Shariah-compliant, closed-ended real estate development vehicle with a target size of approximately SAR 600 million, including bank financing.
It will invest in hospitality and residential developments in Al Madinah Al Munawwarah, according to a bourse filing.
Moreover, the initiative will invest in developing hospitality and residential real estate assets in Al Madinah Al Munawwarah, including two hotels, branded residential apartments, and a retail component.
The investment strategy focuses on value creation through real estate development, generating operational income from hospitality assets after stabilization, and selling residential units.
Yaqeen Capital expects the fund to positively impact its revenues in 2026 through fees and expenses exceeding 5% of the company’s latest audited annual revenues.
Earlier in June 2027, Yaqeen Capital concluded its extraordinary general meeting (EGM), where shareholders approved the 2025 financial statements and a set of amendments to the company’s Articles of Association.
