Mulkia Investment extends MoU to set up real estate fund

20/05/2024 Argaam

Mulkia Investment Co. announced extending the memorandum of understanding (MoU) signed to establish a real estate fund for 45 days, excluding Eid Al-Adha holiday, according to a statement to Tadawul.

 

The extension comes in order to complete the regulatory procedures for the acquisition of the plot of land and launching the fund, the company added.

 

On Feb. 21, Mulkia Investment signed the MoU to establish a real estate fund in order to acquire a plot of raw land in Buraiydah, spanning 2.6 million square meters, according to Argaam's data.

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