Masar Signs MoU To Establish Real Estate Fund

About this update from Umm Al Qura For Development And Construction Company

UMM AL QURA FOR DEVELOPMENT AND CONSTRUCTION TADAWUL:4325:MASAR - SIGNS MOU TO ESTABLISH REAL ESTATE FUNDMASAR - TO ESTABLISH REAL ESTATE PRIVATE FUND WITH TARGETED CAPITAL OF SAR 221 MILLIONMASAR- BIM CAPITAL TO BE APPOINTED AS FUND MANAGER AND AJBAL REAL ESTATE DEVELOPMENT CO AS DEVELOPERMASAR- AL-INMA FIRST DEVELOPMENT TO CONTRIBUTE LAND PLOT PARTIALLY AT CERTAIN PERCENTAGE OF ITS VALUE AS AN IN-KIND CONTRIBUTION

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