‎MASAR inks MoU with AlJazira Capital, Naif Alrajhi Investment to establish realty fund

Umm Al Qura for Development and Construction Co. (MASAR)signed a tripartite non-binding memorandum of understanding (MoU) with AlJazira Capital and Naif Alrajhi Investment to establish a real estate private fund with targeted capital of 1.4 billion by way of in-kind and cash contributions, according to a statement to Tadawul.

Umm Al Qura for Development and Construction Co. (MASAR)signed a tripartite non-binding memorandum of understanding (MoU) with AlJazira Capital and Naif Alrajhi Investment to establish a real estate private fund with targeted capital of 1.4 billion by way of in-kind and cash contributions, according to a statement to Tadawul.