Introduction
Al-Moammar Information Systems (MIS) has received notice from Al-Rajhi Capital that it has received approval from the Capital Market Authority for a one billion riyal private equity fund (sharia compliant) offering as a first phase.
The company said in a statement to Tadawul Saudi Arabia today, Wednesday, that the fund will primarily work to finance digital and technical infrastructure and medical equipment projects in the public, semi-public and private sectors in the Kingdom of Saudi Arabia and aims to generate regular income for investors through financing and operational leasing of infrastructure equipment, digital infrastructure, technology and medical equipment, as well as reporting any significant changes in the prescribed manner.
Al Moammar Information Systems (MIS) will be the exclusive marketer, supplier, executor and operator of the fund’s projects. The fund provides a variety of financing methods to suit client requirements, such as long-term leases, build-operate-transfer, pay-per-use, public-private partnership programs and other financing structures.
Announcement of MOU
Al-Muammar Information Systems (MIS) announced on the Tadawul website on August 30, 2021 AD, the signing of a memorandum of understanding with Al-Rajhi Capital to establish a private investment fund (compliant with the provisions of Islamic law) worth one billion riyals as the first stage in accordance with the Investment Funds Regulations (“IFR”) of the Kingdom of Saudi Arabia Capital Markets Authority (“CMA”).
