RIYADH: Saudi-based global asset management and investment advisory firm SEDCO Capital completed the exit of its Build-to-Suit Real Estate Fund I with a 41 percent net return to investors.
The company commenced operations of its fund in 2018 by acquiring plots in Jeddah to develop two educational campuses.
Following the growing market interest in acquiring the properties, the fund’s Board approved the exit strategy as SEDCO Capital will subsequently liquidate the fund as planned after completing regulatory, legal, and administrative proceedings.
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