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24/07/2017 15:48 AST
Jadwa REIT Al Haramain Fund announces obtaining Shariah compliant facility agreement with Banque Saudi Fransi as following:
1.Facility was obtained on 24-07-2017.
2.Facility amount of SAR 500,000,000.
3.Facility period duration from 24-07-2017 to 31-08-2022.
4.The purpose of the Facility is to finance the expansion plan of Jadwa REIT Al-Haramain Fund through the acquisitions of income-generating properties in the cities of Makkah or Madinah that is in line with the Fund's investment strategy, which shall reflect positively on the fund's net income and cash dividends due to the difference between the income generated from acquired properties and the financing cost.
5.Facility guarantee : Promissory Note and pledge on properties.
6.Further information: The facility draw-down period is three years. The full amount of draw downs shall be paid in one installment on 31-08-2022. During the facility period, only the financing costs will be paid.
Tadawul
02/07/2025
Jadwa Investment has led a $50 million investment round in PetroApp, Saudi Arabia's leading fuel management platform.
Founded in 2018, PetroApp is Saudi Arabia's first independent provider
Trade Arabia
04/01/2018
Jadwa Investment, a leading investment management and advisory firm, announced Tuesday the offering of its second Shariah-compliant real estate investment traded fund, "Jadwa REIT Saudi Fund".
Saudi Gazette
16/04/2017
Jadwa Investment, a leading investment management and advisory firm in Saudi Arabia, announced the conclusion of the public offering of its first Shariah-compliant Real Estate Investment Traded Fund,
Press Release
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03/10/2025
Emirates Islamic has joined forces with Amazon UAE and Mastercard to launch the first Amazon Credit Card in the Middle East and North Africa region.
Soon to be available exclusively in the
Trade Arabia
03/10/2025
Aluminium Bahrain (Alba) was honoured with the RoSPA President's Award during the Royal Society for the Prevention of Accidents (RoSPA) Safety Summit 2025.
The event was held in partnership
Trade Arabia
03/10/2025
In a move reflecting its commitment to a smarter and more agile investment future, National Investments Company has signed a strategic agreement to develop and implement an integrated Artificial Inte
Kuwait Times
03/10/2025
International Holding Company (IHC), the Abu Dhabi-based global investment firm, has announced a $1 billion (INR88.55 billion) investment in India's Sammaan Capital Limited, one of the country's larg
Gulfnews
03/10/2025
Elegancia Catering, a subsidiary of Estithmar Holding Q.P.S.C., signed an MoU this morning in Damascus with Urbacon Airports to establish a central production unit for catering services at Damascus I
The Peninsula
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia