New real estate fund launched by Bahrain-based bank
A $52.5 million real estate fund has been successfully structured and closed by Bahrain-based Unicorn Investment Bank (UIB), officials announced Monday. According to the GDN, the KSA Real Estate Fund I (KSA 1), is a two-year, closed-ended fund, which is domiciled in Bahrain and registered with Bahrain Monetary Agency (BMA).
It is one of the first to allow non-Saudi nationals to participate in the benefits of the Saudi Arabian real estate market.
Unicorn Investment Bank B.S.C.(c) commenced operations on May 5, 2004, with headquarters in the Kingdom of Bahrain. UIB is licensed as a Shari’ah-compliant investment bank, regulated and supervised by the BMA.