Umm Al Qura For Development And Construction CompanyTADAWUL: 4325

Masar Signs MoU To Establish Real Estate Fund

· Issued by Umm Al Qura For Development And Construction Company

UMM AL QURA FOR DEVELOPMENT AND CONSTRUCTION TADAWUL:4325:

  • MASAR - SIGNS MOU TO ESTABLISH REAL ESTATE FUND

  • MASAR - TO ESTABLISH REAL ESTATE PRIVATE FUND WITH TARGETED CAPITAL OF SAR 221 MILLION

  • MASAR- BIM CAPITAL TO BE APPOINTED AS FUND MANAGER AND AJBAL REAL ESTATE DEVELOPMENT CO AS DEVELOPER

  • MASAR- AL-INMA FIRST DEVELOPMENT TO CONTRIBUTE LAND PLOT PARTIALLY AT CERTAIN PERCENTAGE OF ITS VALUE AS AN IN-KIND CONTRIBUTION