BRIEF-MSGA Investment Says Al-Oula Signs Agreement To Establish Real Estate Investment Fund

MSGA

MSGA

9655.SA

0.00

July 14 (Reuters) - MSGA Investment Co SJSC 9655.SE:

  • AL-OULA SIGNS AGREEMENT TO ESTABLISH CLOSED PRIVATE REAL ESTATE INVESTMENT FUND

  • TARGET VALUE OF THE FUND IS APPROXIMATELY SAR (700) MILLION

  • FUND WITH AIM OF DEVELOPING A LAND PLOT IN AL-WISAM

  • UNDER AGREEMENT, DINAR INVESTMENT COMPANY SHALL ESTABLISH APPROPRIATE INVESTMENT STRUCTURE FOR FUND

  • AGREEMENT SHALL REMAIN IN EFFECT FOR (90) DAYS

  • FINANCIAL IMPACT OF DEAL EXPECTED DURING 2027 AND 2028

Source text: ID:nSSE2xnppN

Further company coverage: 9655.SE


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