Middle East financial investment company MEFIC Capital announces update on hotel operations
Renovations and furnishing carried out using own financial resources
Middle East financial investment company MEFIC Capital has announced an update on the operation of the Drunf Ajyad and Drunf Kudai hotels in Mecca Al Mukarrama.
Tadawul Saudi Arabia said in a statement today, Monday, that all renovation and furnishing work was carried out using the Fund’s own financial resources, and it did not bear any additional funding for this.
She said the hotel operations will take place in the fourth quarter of 2023, which will positively affect the liquidity of the fund and restore cash dividends starting from the second half of 2023.
