MEFIC distributes real estate fund profits
April 22, 2014
Middle East Financial Investment Company (MEFIC) has approved the distribution of 8 percent in returns of its real estate fund, for the second year in a row.
MEFIC Managing Director, Ibrahim Al-Hedaithi, said that MEFIC real estate fund is a semi-closed fund, and it builds its strategy on buying income producing properties, which allows members to participate through the fund in buying propertied that yield yearly incomes.
He added that this strategy has allowed the fund to realize its goals in providing investors with a yearly net profit that exceeds the assets in the property market.
He stressed that the experience of the fund manager and monitoring appropriate distinct property opportunities have yielded good results, as the fund realizes the highest returns on investment, while taking the necessary precautions against possible risks.