EN-NEWS

MEFIC Capital announces Termination of MEFIC Local Equity Fund.

تعلن شركة الشرق الأوسط للاستثمار المالي (ميفك كابيتال) عن إنهاء صندوق ميفك للأسهم المحلية في تاريخ 1440/04/30هـ الموافق 2019/01/06م و سوف تتم تصفية الصندوق و توزيع مبالغ الاستثمار على مالكي الوحدات خلال أسبوع من تاريخ إنتهاء الصندوق.

MEFIC CAPITAL wins Best Private Equity Fund Manager CFI Award for the year 2017

MEFIC Capital has won the CFI Best Private Equity Fund Manager award for the year 2017 after working on two transactions: – a 30% stake acquisition in Ghatha’a Al Sultan For Fast Foods Company, a leading quick service restaurants (QSR) chain in the Western & Southern Province of the Kingdom operating 22 restaurants under the brand name …

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MEFIC Capital Funds Won Two Awards “Best Performing Saudi Equity Fund” by Global Banking & Finance Review

MEFIC LOCAL EQUITY FUND” has received the 2017 “Best Performing Saudi Equity Fund” award. Additionally, “MEFIC MURABHA FUND” has received the 2017 “Fastest Growing Money Market Fund” award from Global Banking & Finance Review. Established in 2007, MEFIC Capital has been a prominent player in the investment management industry of Saudi Arabia with multiple investment …

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Value Added Tax Implementation as of Jan 01, 2018

Based on the Value Added Tax Law (VAT), we would like to inform you that starting from January 1, 2018 we will apply the VAT of 5% to fees that are subject to the VAT Law as per the implementing regulations. For more information, please refer to the VAT website: www.vat.gov.sa

MEFIC Private Equity F&B Opportunities Fund acquires a stake in Sultan Delight Burger, a leading Saudi quick service restaurants chain

MEFIC Capital, in its capacity as fund manager of MEFIC Private Equity Food & Beverage Opportunities Fund (the “Fund”), has successfully completed an investment in Ghatha’a Al Sultan For Fast Foods Company, a leading quick service restaurants (QSR) chain in the Western & Southern Province of the Kingdom operating under the brand name “Sultan Delight …

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Amendment to Business Profile of “MEFIC CAPITAL”

MEFIC CAPITAL had requested the approval to amend its business profile by canceling dealing as an Agent activity.The CMA Board of Commissioners issued a resolution approving on 29/08/2017, the amendment of the Business Profile of MEFIC CAPITAL by canceling as an Agent activity. MEFIC CAPITAL is now authorized to conduct Dealing as Principal, an Underwriter, Managing Investment …

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MEFIC Capital announces the resignation of Mr. Abdulaziz Al Ghunaim as board member for MEFIC public funds

MEFIC Capital announces the resignation of Mr. Abdulaziz Al Ghunaim, Senior Director – Wealth Management. He was a Board member on the below mentioned Funds as a Non-Independent Member. He has resigned from the Fund boards as on 10/11/1438H corresponding to 02/08/2017. The Chairman of the Board has accepted his resignation as on 16/11/1438H corresponding to 08/08/2017.Replacement …

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(AUB) “MEFIC Capital” strategic partner “Bank of The Year – Middle East 2016”

“MEFIC Capital” strategic partner, Ahli United Bank (AUB) has been recognized as “Bank of The Year – Middle East 2016” by The Banker, the world’s longest running international banking magazine and member of the Financial Times Group. This represents the second time that AUB has received this prestigious award. The announcement was made at the …

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