SEDCO Capital Partners with Wahed to Launch Shariah-Compliant Real Estate Investment Suite in Makkah and Madinah
SEDCO Capital, a Saudi-based asset management firm, has partnered with Wahed Inc., an Islamic fintech company based in New York, to launch a publicly offered real estate investment suite focused on properties in Makkah and Madinah. The initiative aims to provide eligible investors access to professionally managed Shariah-compliant real estate opportunities aligned with Vision 2030's economic diversification goals. The partnership combines SEDCO Capital’s local expertise in Saudi real estate management with Wahed’s digital investment platform, targeting both domestic and international investors seeking exposure to the growing demand from pilgrims and visitors. The initiative is expected to support infrastructure development across hospitality, retail, residential property, and related sectors as part of broader efforts to accommodate 30 million Umrah pilgrims annually by 2030. The new investment product addresses a gap in access for overseas investors who have historically faced high entry barriers into the Makkah-Madinah real estate market. It builds on Wahed’s prior success with its U.S.-based private real estate fund and aims to attract both accredited and non-accredited international investors.
Topics: public real estate offerings Shariah-compliant investments Vision 2030