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21 July, 2024 16:04
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 |
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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. |
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