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- China's Sinopec Signs Joint Venture Agreement with Saudi Aramco Worth $4 Billion
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- Bahrain All Share Index, Islamic Index close lower
- Gulf Bank issues its fifth Annual Sustainability Report for 2024
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- Continuing excellence and driving innovation key pillars of NBK's success: Shaikha Al-Bahar
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08/02/2018 06:31 AST
NBK Capital Partners, an alternative investments firm, said it has closed its real estate fund with $75 million (Dh275 million) in fund commitments, raised primarily from prominent regional institutions, pension funds, family offices and high net worth individuals.
DIFC-based NBK Capital Partners - which has advised on investments exceeding $1 billion - is aggregating a portfolio of Sharia-compliant real estate assets acquired primarily through sale-leaseback transactions across the logistics, health care and education sectors. It aims to capitalise on attractive underlying market dynamics such as the rise of e-commerce and regional demographic trends driving demand for health care and education. The firm is targeting a final closing for the fund by the end of 2018, with $150 million in total commitments and $50 million in co-investment commitments.
NBK Capital Partners Real Estate Fund I's first investment is a $95 million state-of-the-art K-12 education campus in Dubai, UAE, long-leased to an international curriculum school.
"This all-weather conservative fund focuses on income-generating assets in non-cyclical sectors and is designed to provide strong and stable returns for our investors. The aim is to build on our successful track record, now totalling 17 profitable exits from 29 investments, the highest number by an alternative investments firm in the region over the past decade," Yaser Moustafa, Senior Managing Director at NBK Capital Partners said in a statement.
Gulf News
29/04/2025
In an interview with CNBC International, Shaikha Al-Bahar, Deputy Group Chief Executive Officer of National Bank of Kuwait (NBK) affirmed the Group's commitment to maintaining excellence and fosterin
Kuwait Times
24/04/2025
Isam Al-Sager, Vice Chairman and Group CEO of National Bank of Kuwait (NBK), expressed unwavering confidence in the bank's ability to swiftly adapt to the evolving economic landscape, all the while m
Kuwait Times
22/04/2025
National Bank of Kuwait (NBK) has announced its financial results for the three-month period ended March 31, 2025. The Bank reported a net profit of KD 134.1 million ($434.8 million), compared to KD
Kuwait Times
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29/04/2025
China's state-run Sinopec said on Monday it had signed an agreement with a unit of Saudi Aramco to establish a joint venture company aimed at operating ports, transporting crude oil, and providing ot
Asharq Al Awsat
29/04/2025
Gulf Bank has officially released its Fifth Annual Sustainability Report for the year 2024, titled "From Vision to Execution", highlighting the Bank's advancements in sustainability in line with Kuwa
Kuwait Times
29/04/2025
In an interview with CNBC International, Shaikha Al-Bahar, Deputy Group Chief Executive Officer of National Bank of Kuwait (NBK) affirmed the Group's commitment to maintaining excellence and fosterin
Kuwait Times
29/04/2025
Borouge today announced a series of strategic asset expansion projects to accelerate its growth, contributing annually between $165 million and $200 million (AED600 million - AED730 million) in EBITD
Trade Arabia
29/04/2025
Saudi developer Emaar, The Economic City has signed final agreements with four local banks to reschedule SR3.39 billion ($904 million) in existing debt and secure a new credit facility.
In a
Arab News
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