Umm Al Qura for Development Construction Co. (Masar) signed MoU to establish a real estate private fund with a targeted capital of SAR 221 million.
Umm Al Qura for Development Construction Co. (Masar) signed, on Dec. 30, a non-binding memorandum of understanding to establish a real estate private fund with BIM Capital and Ajbal Real Estate Development Co. (AJBAL), in line with its development strategy through Joint Ventures (JV). 
In a statement to Tadawul, the company said that Al-Inma First Development Co. LTD (The SPV for Al-Inma Makkah Development Fund I, all units of which are owned by Masar) signed the MoU to establish a real estate private fund with a targeted capital of SAR 221 million.
Umm Al Qura for Development Construction Co. (Masar) signed MoU to establish a real estate private fund with a targeted capital of SAR 221 million.
Umm Al Qura for Development Construction Co. (Masar) signed, on Dec. 30, a non-binding memorandum of understanding to establish a real estate private fund with BIM Capital and Ajbal Real Estate Development Co. (AJBAL), in line with its development strategy through Joint Ventures (JV).
In a statement to Tadawul, the company said that Al-Inma First Development Co. LTD (The SPV for Al-Inma Makkah Development Fund I, all units of which are owned by Masar) signed the MoU to establish a real estate private fund with a targeted capital of SAR 221 million.
