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Conyers advised Alkhabeer Capital on the launch of the Alkhabeer US Real Estate Income Fund Limited (the “Fund”). The Fund, which is Shari’a-compliant and aims to raise US$70 million, will acquire and operate income-generating commercial real estate in the United States. Alkhabeer Capital is a Saudi Arabia based leading asset management and investment banking firm with expertise which spans beyond the Saudi market to include the broader MENA (Middle East and North Africa) region, as well as select global mature markets such as the United States and the United Kingdom.
Dechert LLP acted as international counsel to Alkhabeer Capital and the Fund.