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Al Futtaim Capital Closes $500 Million Real Estate Fund

Al Futtaim Capital yesterday announced it had completed fundraising for its Dh1.84 billion ($500 million) Al Futtaim MENA Real Estate Development Fund and the related Al Futtaim MENA Real Estate Shariah Development Fund (Funds).

This is the largest investment vehicle of its kind in the region, according to a Press statement.

The funds will focus on large-scale urban mixed-use developments in the MENA region. The funds will be managed by Al Futtaim Investment Management Limited (AFIM), a DIFC incorporated company wholly owned by Al Futtaim Capital. (via menafn.com) End Post

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