Enmar and Al Rajhi consider 1B riyal real estate funds

EnmaaR Development and Real Estate Investment Company announced the signing of a memorandum of understanding with Al Rajhi Financial to study the establishment of three real estate investment funds with a total targeted value of up to one billion riyals. The memorandum aims to set a framework for cooperation between the two parties, including technical and financial studies, asset evaluation, and the completion of financing requirements and regulatory approvals. The duration of the memorandum is 120 days, with the possibility of extension, and the final financial impact has not yet been determined based on the results of the studies and assessments.

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تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

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