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ADCB, real estate fund
- United Arab Emirates: Saturday, April 08 - 2006 at 08:05
The Abu Dhabi Commercial Bank has launched a real estate fund investing in the GCC, Middle East and North Africa. The Al Mada'en fund has a minimum investment of $50,000 and a one-year lock-in after which up to 20% can be redeemed per annum. Most realty funds has a longer lock-in period, said officials.
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Peter J. CooperSaturday, April 08 - 2006 at 08:05 UAE local time (GMT+4)
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This article was updated on Mon Sep 18 2006.
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