SEDCO Capital, a Jeddah-based Islamic investment firm, studies to arrange a club investment of up to $ 300 million in European real estate, said Chief Executive Hasan Aljabri.
He added that the company will soon distribute its Luxembourg fund range via two European investment firms.
SEDCO, a fully owned subsidiary of SEDCO Holding, already distributes its funds through Credit Suisse, seeking a crossover opportunity between ethical and Shariah-compliant investing to widen its investor base.
“Soon enough we will be in the platform of two major institutions, one is a European bank and one is a specialized fund platform,” Aljabri said.
He added that the company will soon distribute its Luxembourg fund range via two European investment firms.
SEDCO, a fully owned subsidiary of SEDCO Holding, already distributes its funds through Credit Suisse, seeking a crossover opportunity between ethical and Shariah-compliant investing to widen its investor base.
“Soon enough we will be in the platform of two major institutions, one is a European bank and one is a specialized fund platform,” Aljabri said.
Source:
Mubasher
