Blominvest Saudi Arabia, the investment arm of Blom Bank Group in the kingdom , has announced the liquidation of its real estate fund with a 14.44 per cent total return.
BlomInvest Saudi has managed, in no more than seven months,
Saudi Blominvest, a part of Lebanese banking group Blom, has signed up leading developer Maskan Arabia for the construction of the first three phases of its upcoming SR475 million ($127 million) residential project in Riyadh.
Blominvest Saudi Arabia said it has secured a SR290 million ($77.3 million) loan in line with its plan to build 400 housing units in capital Riyadh in collaboration with leading developer Maskan Arabia.
Blominvest is the investment arm of