Yaqeen Capital Co. Announces the launch and operations of Yaqeen Madinah Hotel Fund

YAQEENTadawulJune 23, 2026View on exchange

AI Summary

Yaqeen Capital has launched the Yaqeen Madinah Hotel Fund, a private Shari'a-compliant real estate development fund with a target size of approximately SAR 600 million.
The fund will develop hospitality and residential assets in Al Madinah Al Munawwarah, including two hotels, branded residential units, and a retail component.
The project is expected to positively impact 2026 revenues, with anticipated fees and expenses exceeding 5% of the company's total annual revenues based on the latest audited statements.

Element List	Explanation
Announcement Detail	Yaqeen Capital is pleased to announce the launch and commencement of operations of the Yaqeen Madinah Hotel Fund, a private, Shari'a-compliant, closed-ended real estate development fund with a target total size of approximately SAR 600 million (Including bank financing). The Fund will invest in the development of hospitality and residential real estate assets in Al Madinah Al Munawwarah, comprising two hotels, a branded residential apartment units and a retail component. The Fund's investment strategy focuses on generating value through real estate development, operational income from hospitality assets following stabilization, and the sale of residential units. The fund is expected to have a positive impact on the Company's revenues during the current financial year 2026, through the collection of fees and expenses exceeding 5% of the total revenues reported in the Company's latest audited annual financial statements

Element List

Explanation

Announcement Detail

Yaqeen Capital is pleased to announce the launch and commencement of operations of the Yaqeen Madinah Hotel Fund, a private, Shari'a-compliant, closed-ended real estate development fund with a target total size of approximately SAR 600 million (Including bank financing).

The Fund will invest in the development of hospitality and residential real estate assets in Al Madinah Al Munawwarah, comprising two hotels, a branded residential apartment units and a retail component.

The Fund's investment strategy focuses on generating value through real estate development, operational income from hospitality assets following stabilization, and the sale of residential units.

The fund is expected to have a positive impact on the Company's revenues during the current financial year 2026, through the collection of fees and expenses exceeding 5% of the total revenues reported in the Company's latest audited annual financial statements