AS&H Law Firm in co-operation with Clifford Chance advises Jadwa Investment on its Saudi REIT
Abuhimed AlSheikh AlHagbani (AS&H) Law Firm in co-operation with Clifford Chance, advised Jadwa Investment on the establishment of Jadwa REIT Saudi Fund, a public closed-ended Shariah-compliant real estate investment traded fund established under the laws and regulations of Saudi Arabia and regulated by the Capital Market Authority. AS&H also advised Jadwa Investment on the acquisition of real estate properties by Jadwa REIT Saudi Fund.
The fund size is SAR 1.58 billion and will provide its investors with regular income by investing in income-generating real estate assets in Saudi Arabia, with the exclusion of the Holy Cities of Makkah and Madinah.
The team was led by Majid Al-Sheikh (AS&H Partner and Head of Corporate) and supported by Yasser Al-Hussain (Counsel and Head of Banking & Finance at AS&H), Senior Associate Amro Bakhaidar and Associates Basel Al-Hadidi, Mais Alomar, Abdulaziz Al-Jadaan, Ahmad Al-Sadhan, Reema Al-Hamoud and Jomana Al-Kathiri.