MIS, Al-Rajhi Capital sign MoU to launch $267m Shariah-compliant investment fund
Published 30 Aug,2021 via Arab News - Economy RIYADH - Al-Moammar Information Systems Co. on Sunday signed a memorandum of understanding with Al-Rajhi Capital to launch a Shariah-compliant investment fund worth SR1 billion ($266.6 million), Argaam reported.
The company said in a bourse statement that the fund will be launched as a first phase in accordance with the Investment Funds Regulations of the Kingdom’s Capital Market Authority.
The fund seeks to ensure regular income for investors through financing and operational leasing of technology, digital infrastructure, and medical equipment.
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