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14.10.2008
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| Name of Transaction |
Leisure and Residential Invesment Fund |
| Nature of Transaction |
Hospitality Sector Real Estate Fund |
| Size of Transaction |
$ 200 million |
| Type |
Close End Fund |
| Expected Return/Return since inception |
Approx. 15% per annum as yield and value gain |
| Description |
The Investment objective of the Fund is to achieve an average annual investment return of atleast 15 percent on Capital Commitments invested by investing in residential properties managed in a Shariáh compliant manner by an Internationally recognised hotel operator. |
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