Mr. Eisa M. Al Eisa, Managing Director and Chief Executive Officer of Samba Financial Group, announced that Samba Real Estate Fund’s profits has jumped up by 28.26% as at the end of September 2007. The Fund’s unit rose to SR12.8259, representing an annualized growth rate of 48%. This is a record performance during only 7 months since launching the Fund by Samba Financial Group in collaboration with Omar Qasem Alesayi Group, in responsiveness to the flourishing real estate market in the Kingdom and the underlying promising investment opportunities.
Al Eisa ascertained that the continuous growth of the Fund and its high returns reflect the success of this initiative and the Samba’s endeavors to cater to the economical and investment developments in the local markets and its ability to embark upon investment opportunities of high return potentials to investors. The Fund has posted 19.44% in profits during its four months after launch thanks to the experienced management and professional team and the pursuit to select the inviting real estate investment solution.