MANAMA: Ajyad Capital announced the acquisition of Siena on Westheimer Apartments, a 643 Unit US multifamily residential property located in Houston, Texas. This transaction represents a significant step in Ajyad’s continued growth through its private markets, Sharia-compliant dedicated vehicles and product offering.

“This step marks a significant milestone towards the implementation of the Board-approved strategy,” said Suhail Hajee, CEO of Ajyad Capital.

“This Acquisition is a strong endorsement of Ajyad’s strategy and Investment thesis,” said Farid Bassyouni, Head of Investments. “We see compelling entry points in the market right now both regionally and internationally that will help us capture and generate long term returns for our Investors. Siena on Westheimer demonstrates the type of opportunity we seek, well-located Income generating assets where disciplined risk assessment and hands-on execution can drive value.”

“With an emphasis on strong joint venture partnerships and deep operating expertise, Ajyad’s Capital is well positioned to navigate geopolitical headwinds and continue to drive growth.”