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)
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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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