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Mutual Funds

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15 September 02:57 PM ADFD to finance AED 24m modernisation of project in Mauritania
UAE – Mubasher: Abu Dhabi Fund for Development (ADFD) has signed a memorandum of understanding (MoU) with the Government of Mauritania to finance a renovation and modernisation project worth AED 24 million ($6.5 million). The allotment will be …
The two parties penned the 120-day agreement on 29 August 2021
30 August 09:42 AM MIS signs MoU with Al Rajhi Capital to set up fund
Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) has penned a memorandum of understanding (MoU) with Al Rajhi Capital to launch a Sharia-compliant investment fund. The fund will be set up at an initial amount of SAR 1 billion as a …
The fund aims to support emerging technology companies in Saudi Arabia
26 August 12:03 PM Saudi Arabia, China launch SAR 1.5bn fund
Riyadh – Mubasher: Saudi Arabia and China have launched eWTP Arabia Capital Fund with a capital standing at SAR 1.5 billion, state-run news agency SPA reported. The fund aims to support emerging technology companies in Saudi Arabia. The launch of …
The fund's income decreased to SAR 63.944 million
19 August 04:20 PM Jadwa REIT Saudi Fund records lower profits in H1-21
Riyadh - Mubasher: The net profits of Jadwa REIT Saudi Fund declined to SAR 27.037 million during the first half (H1) of 2021, compared to SAR 35.67 million in the corresponding period of 2020. The fund's income decreased to SAR 63.944 million in …
NOMW Capital will manage the fund
16 August 04:59 PM National Building to set up SAR 100m fund with NOMW Capital
Riyadh – Mubasher: National Building and Marketing Company has signed an agreement with NOMW Capital to launch a private investment fund at a capital of SAR 100 million, of which the listed firm will hold 50% stake. The fund, dubbed as NOMW Al …
This transaction is expected to generate an average annual yield of 8%
16 August 11:22 AM Riyad REIT Fund invests 60m in US-based asset
Riyadh – Mubasher: Riyad REIT Fund has pumped SAR 60 million worth of investment in an office building that is located in Pennsylvania in the US. The five-year investment will be funded from the Sharia-compliant facilities available to Riyad REIT, …