Alistithmar Capital: Best Real Estate Fund KSA 2023

Alistithmar Capital

Alistithmar for Financial Securities and Brokerage Company (“Alistithmar Capital”), a closed joint stock subsidiary of The Saudi Investment Bank, has followed a client-centric, value-investing philosophy since its launch in 2008. The company helps clients in the Kingdom of Saudi Arabia (KSA) to make the most of their money with a service suite covering advising, arranging, custody, dealing, fund operation and investment management. It recently celebrated the completion and exit of a landmark transaction through its Kaden Alistithmar Fund. Alistithmar Capital established the fund in 2021 with the primary purpose of acquiring prime mixed-use real estate in Riyadh — and was able to raise the amount needed to operate the fund within 24 hours. Alistithmar Capital marshalled an experienced team to fast-track the purchase and manage the investment to ensure sustainable performance and long-term value creation. In only 18 months, Alistithmar Capital had achieved all investment objectives and exited the assets with a significant return on equity: 56 percent net of all expenses and fees, which is equal to a compound annual growth rate of 34.5 percent. The substantial performance of the Kaden Alistithmar real estate fund over such a short period underscores the company’s ability to exceed expectations. Alistithmar Capital, with $66.7m in paid-up capital, is licensed and regulated by the Saudi Capital Market Authority. The judging panel presents Alistithmar Capital — a repeat programme winner — with the 2023 award for Best Real Estate Fund (KSA).