24 Hrs
Source:
الاقتصادية
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100 million riyals for Kafa'a Financing Projects
Saudi-based "Kafa'a Financial" has confirmed that its total funding for real estate projects and the contracting sector has reached approximately 100 million SAR since its inception, with no defaults recorded so far. The company aims to expand its activities to include financing for contributions, real estate development, and the distribution of investment funds. It is also working on launching a fractional ownership product that allows investors to purchase real estate assets starting from 2,000 SAR, with the goal of stimulating demand for properties in the local market. The company expects that decreasing prices and increased supply will boost demand in the coming period, driven by renewed interest from both local and foreign buyers. Returns offered to investors range between 10% and 17%. The company emphasizes ensuring capital preservation in cases of default, providing flexible financing options, and expanding investment opportunities through real estate funds and fixed-income funds managed by licensed financial firms. Additionally, it has prepared a study on the Riyadh real estate market, targeting risk-limited investments through asset diversification, supported by market benefits such as low taxes and fees, as well as the revival of religious tourism and Hajj and Umrah trips, especially in the central region and the holy areas.
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