Maceen Capital keen to expand role in KSA housing projects

A top executive at Maceen Capital (MC) says that the financial firm has since its inception launched 14 funds worth SR3 billion for real estate projects in the private sector as an incentive for them to play an active role in all areas including solutions to the housing problem.
Abdulrahman Almuseibih, executive vice president at Maceen Capital, made the announcement at the Real Estate, Housing and Urban Development Exhibition.
“This forum is a very healthy platform reflecting the seriousness of the Saudi real estate market to provide the best legislative, legal and professional real estate services to the economic community, which will in turn provide world-class real estate products to suit market needs,” he said.
Almuseibih said that Maceen Capital’s participation in the exhibition reflected its policy of direct communication with investors and decision makers in the real estate market “where we can share our products’ expertise in the field.”
He said: “As a financial firm with a distinguished record in the area of management, establishment of real estate funds and with considerable experience in providing solutions, we are in the best position to create opportunities for investment solutions.”
Almuseibih added: “Financial companies and investment funds are channels that combine the components of real estate products. One of the characteristic features of these companies is their high performance standards, and their operations which provide profit margins acceptable to the market.”
He said: “Since we are financial firms with considerable experience in this area, it makes sense for the Ministry of Housing to benefit from this experience to raise the quality standards of the housing units for citizens.”