SMC Healthcare to Establish Shariah-Compliant Real Estate Fund

SMC HEALTHCARE -0.75%

SMC HEALTHCARE

4019.SA

18.56

-0.75%

On December 1, 2025, Specialized Medical Company (SMC Healthcare) announced its intention to establish Al Wadi Real Estate Fund, a close-ended, Shariah-compliant real estate investment fund. SMC Healthcare will contribute land as an in-kind equity stake in the fund, which aims to develop either a five-star hotel or healthcare project on the contributed land. Bank of London and The Middle East (BLME Capital) has been appointed as the fund manager, with SMC's CEO authorized to proceed with the necessary steps to complete the fund's formation.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=91823&anCat=1&cs=4019&locale=ar

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