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Jadwa may join CIT in $1.1bn UK property buy
- Saudi Arabia: Tuesday, July 07 - 2009 at 12:24
Prince Faisal bin Salman bin Abdulaziz, chairman of Saudi-based Jadwa Investment, said the firm is targeting US and UK real estate, and may join European investor CIT to invest $1.14bn into a property portfolio for sale by British insurer Aviva Plc, the Financial Times has reported. About half of the $2bn Jadwa has under management is in discretionary investments for clients, with the remainder being held in 17 third-party funds, while two new funds for commodities and private equity are planned, the report said.
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