Press Release

Coast Investment&Development Company and Al-Argan International Real Estate Comapny launched Coast GCC Real Estate Fund

Oct 05, 2009

Following a press conference held on 4/10/2009 between Coast Investment and Development Company & ALARGAN International Real Estate Company, Coast Investment & Development Company announced that it has, in cooperation with ALARGAN International Real Estate Company launched Coast GCC Real Estate Fund with a Capital up to USD 250 million, where ALARGAN International Real Estate shall act as the investment consultant of the fund and Coast Investment Company as the fund manager. The fund will specialize in middle-income residential property developments.