‎Sadirat’s Haddaj invests SAR 70M in FAAD Industrial Fund

Saudi Industrial Export Co.’s (Sadirat) board of directors approved on Aug. 14, an investment of SAR 70 million through Haddaj Investment, the company’s investment arm.

According to a statement on Tadawul, the investment will be through subscribing to the FAAD Industrial Fund (FAAD First Industrial Co.), which is licensed by the Capital Market Authority (CMA) and managed by FAAD Partners Financial Co. (FAAD Partners), also licensed by the CMA under license No. 32-23270.

Saudi Industrial Export Co.’s (Sadirat) board of directors approved on Aug. 14, an investment of SAR 70 million through Haddaj Investment, the company’s investment arm.

According to a statement on Tadawul, the investment will be through subscribing to the FAAD Industrial Fund (FAAD First Industrial Co.), which is licensed by the Capital Market Authority (CMA) and managed by FAAD Partners Financial Co. (FAAD Partners), also licensed by the CMA under license No. 32-23270.