Tharawat to launch $50-$60m private equity fund

16 June 2010

Abdulaziz Saad Al-Resais, director for investment at Bahrain-based Tharawat has said the firm plans to launch a $50m-$60m private equity fund investing in a Saudi Arabia real estate project, Reuters has reported. The Islamic investment firm is also looking to set up by the end of this year two to three more funds investing in the kingdom's property market. The fund had raised between $10m-$20m so far due to the global market volatility, he said.

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