Dar Al Majed Signs Education Real Estate Fund MOU

ALMAJDIAH

ALMAJDIAH

4326.SA

0.00

On June 9, 2026, Dar Al Majed Real Estate Company announced the signing of a non-binding Memorandum of Understanding with AlAhli Capital (as Fund Manager), Rekaz Real Estate Company, and Al Jadah Al Oula Real Estate Development Company to establish an educational real estate investment fund. The memorandum, signed on June 8, 2026, has a duration of one year and aims to acquire and develop educational lands while exploring partnerships with local and international educational operators. The initiative supports the company's strategy to diversify its real estate investments and expand into the promising education sector across the Kingdom. Currently, there is no direct financial impact as the memorandum serves as a preliminary framework for evaluating future investment opportunities.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95959&anCat=1&cs=4326&locale=ar

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

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