Mulkia Investment terminates MoU to set up real estate fund

09/06/2024 Argaam
Logo ofMulkia Investment Co.

Logo of Mulkia Investment Co.

Mulkia Investment Co. said the terms of the previously signed memorandum of understanding (MoU) to establish a real estate fund were not activated and the two parties agreed to terminate the MoU.

 

In a statement to Tadawul today, June 9, the company noted that the decision will not result in any financial or legal claims on either party.

 

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No costs will be incurred as a result of the move, the statement added.

 

On Feb. 21, Mulkia Investment signed a MoU to set up a real estate fund in order to acquire a raw land plot in Buraiydah, spanning 2.6 million square meters, Argaam reported.

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