On this occasion, Chairman of the Board of Directors Saud Al-Ansari said: “We took a decision in the Board of Directors at the end of 2017 to change the financial profits strategy, expand geographically and diversify investment tools in addition to local stocks and real estate. One million riyals at the end of the year 2017 to about 1.6 billion riyals by the end of the year 2020, and there is no doubt that what happened this year is a success story that we are proud of thanks to God Almighty and then thanks to the concerted efforts of all our employees, and on this occasion I thank the shareholders for their support and confidence, as I express my appreciation. And my gratitude to my colleagues, members of the Board of Directors and the committees emanating from it, for their cooperation and solidarity in developing the strategic plans and goals that we have achieved. I also thank the executive management and all the employees of the company for their clear efforts and professionalism at work.
Mahmoud Al-Kooheji, CEO of Arbah Capital, said: “I am very proud that we were able to announce the success of the company for the year 2020 despite the great challenges that the world faced, as we made investments in various fields in the United States and the United Kingdom.
The first investment was the acquisition of 5 long-term leased industrial buildings by large and well-known companies such as Walmart, Tesla and AT&T, with a value of $ 75 million and a return to investors of 9.50% annually, to be distributed every three months. ».
The second investment is financing a real estate project in the center of Glasgow, Scotland, worth 7.5 million pounds, with a return of 9%.
Whereas the recent investment was the acquisition of a medical complex in the heart of the city of Philadelphia, in the United States of America, which is already leased to several well-known names in the medical sector there, including Temple University Medical University Hospital, and despite the economic volatility there, the bold decision-making in the profits and attractiveness of the sector There, health and the decline in real estate prices encouraged the executive management to acquire, and this was done with a value of $ 59 million and a return of 9% for investors annually distributed every three months.