Yaqeen Capital launches SAR 600M real estate fund in Madinah

Yaqeen Capital launched and commenced operations of the Yaqeen Madinah Hotel Fund, a Shariah-compliant closed-ended private real estate development fund.

According to a statement on Tadawul, the fund targets a size of approximately SAR 600 million, including bank financing.

The fund will invest in the development of real estate assets in Madinah across the hospitality and residential sectors. The assets include two hotels, branded serviced residential units, and a retail component.

Yaqeen Capital said the fund's investment strategy focuses on creating value through the development of real estate assets. The fund also aims to generate recurring operating income from the hotel properties once operations stabilize, in addition to proceeds from the sale of residential units.

It also aims to generate recurring operating income from the hotel properties once operations stabilize, in addition to proceeds from the sale of residential units.

The company expects the fund to contribute positively to its 2026 revenue through fees and expenses that are projected to exceed 5% of the total revenue reported in its latest audited annual financial statements.

According to Argaam data, Yaqeen Capital generated revenue of about SAR 73.3 million in 2025, implying that fees and expenses collected from the fund are expected to exceed SAR 3.7 million.