“Asas Makin” signs an agreement to establish a real estate fund with investments of 140 million riyals
Asas Makin Real Estate Development and Investment Company signed a final agreement with both Abdulaziz and Saad Al-Mojil Trade and Investment Company and Dinar Investment Company, to establish a private, closed real estate investment fund.
The company said in a statement on its website "Saudi Arabia trading"The Fund aims to develop quality residential and commercial units that keep pace with market aspirations and modern concepts in quality of life and design.
She added that the volume of the Fund’s investment amounts to about 140 million riyals, noting that all signatures from all parties were completed yesterday.
She expected that the positive financial impact of the project will appear on the company’s financial results as of the date of commencement of project implementation, and gradually according to the actual completion rates.
The Fund will be managed by Dinar Investment Company as the Fund Manager. Licensed, after obtaining a non-objection from the Capital Market Authority to establish the fund in accordance with the provisions of the Financial Market Law and its relevant executive regulations, and fulfilling all approved legal and procedural requirements.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
