Al Futtaim Capital's development fund complete at $500m

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News

Thursday, May 15, 2008

Al Futtaim Capital's development fund complete at $500m

The Dh1.84 billion ($500 million) Al Futtaim MENA Real Estate Development Fund and Al Futtaim MENA Real Estate Shariah Development Fund (Funds) are now fully funded, Al Futtaim Capital announced yesterday. Their press release claims this is the “largest investment vehicle of its kind in the region”.

Overseen by Al Futtaim Investment Management Limited (AFIM), a DIFC- incorporated company completely owned by Al Futtaim Capital, the funds will create large mixed-use developments in cities throughout the MENA region.

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	Uzma Nawaz
	Staff Reporter
	Thursday, May 15, 2008 at 8:05 PM UAE local time (GMT+4)
	Replication or redistribution in whole or in part is prohibited without prior approval from Aim 168 /Aim 168 Real Estate.

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