AlNaqool says Graphene Ventures achieves SAR 1.2 mln profit, distribution due this month

24/11/2021 Argaam

Logo of Mohammed Hasan AlNaqool Sons Co.

Mohammed Hasan AlNaqool Sons Co. received a notification from Graphene Ventures, stating that profits amounted to $325,604 (approx. SAR 1.22 million), representing 23.26% of the total amount actually invested in the first call, which amounted to $1.4 million (SAR 5.25 million).

 

The profits from this investment will be distributed during November 2021, according to the notification received by Graphene Ventures.

 

The company noted that it has invested $1.4 million (SAR 5.25 million) so far, equivalent to 35% of the total commitment.

 

AlNaqool signed in September a commitment agreement with Graphene Ventures Fund (Shariah compliant) to invest SAR 15 million ($4 million) in Silicon Valley, US, according to Argaam data.

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