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Mohammed Hasan AlNaqool Sons Co. Announces an update on Mohammed Hassan Al Naqool Sons Co. announces the signing of a commitment agreement to invest $4 million (15 million Saudi riyals) with the Graphene Ventures Fund (Sharia compliant)

ALNAQOOL 9514 -2.00% 44.00 -0.90
Element List Explanation
Introduction Mohammed Hassan Al Naqool Sons Company announces that it has received a notification from Graphene Ventures stating that profits amounted to $325,604.57 (approximately SAR 1,221,017), equivalent to 23.26% of the total amount actually invested in the first call, which amounted to US $ 1,400,000 (5,250,000 SAR).

Where the company signed a commitment agreement to invest an amount of 4 million US dollars (15 million Saudi riyals). The company has invested an amount of 1,400,000 US dollars (5,250,000 Saudi riyals) so far, equivalent to 35% of the total commitment.

According to the notification received by Graphene Ventures, the profits from this investment will be distributed during the month of November 2021.

Previous Announcement Mohammed Hassan Al Naqool Sons Co. announces the signing of a commitment agreement to invest $4 million (15 million Saudi riyals) with the Graphene Ventures Fund (Sharia compliant)
Date of Previous Announcement on Tadawul's Website 2021-09-07 Corresponding to 1443-01-30
Percentage of fulfilled achievement Do not apply
Event's Expected Completion Date Do not apply
The costs associated with the event, and if they have changed or not with indication of the reasons. Do not apply

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