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Kingdom Holding Company, Sumou Holding Company, and Jeddah Economic Company Signs an Agreement to Establish a new fund to Acquire Alinma Jeddah Economic City Fund Worth SAR 6.8 Billion
| Element List | Explanation |
|---|---|
| Announcement Detail | Kingdom Holding Company, Sumou Holding Company, and Jeddah Economic Company have signed an agreement to establish a new fund worth SAR 6.8 billion to acquire the Alinma Jeddah Economic Fund, which is currently fully owned by Jeddah Economic Company – an associate company. The new fund investors will include Kingdom Holding Company, Sumou Holding Company, and Jeddah Economic Company. Where Kingdom Holding Company will own 40% of the new fund The financial impact of this agreement is expected to be announced after Jeddah Economic Company – an associate company – completes the financial impact in its accounting records. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Last Price 7.95
Net Change 0.09 (+1.15%)
Value Traded (Sar) 2,066,473.45
Volume Traded 259,568
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