EN-NEWS

The Middle East Financial Investment Company (MEFIC Capital) announces a fundamental development on (MEFIC REIT Fund) regarding the issuance of licenses from the Ministry of Hajj and Umrah, enabling the provision of accommodation services for pilgrims at the Drnef Ajyad hotel and Drnef Kudai hotel in Mecca.

Element List Explanation Announcement Detail The Middle East Financial Investment Company “MEFIC Capital” the fund manager of MEFIC REIT Fund announces the issuance of licenses for the Drnef Ajyad hotel and Drnef Kudai hotel in Mecca for the Hajj accommodation for the year 1445 H. The hotels have a total capacity of 310 hotel rooms, …

The Middle East Financial Investment Company (MEFIC Capital) announces a fundamental development on (MEFIC REIT Fund) regarding the issuance of licenses from the Ministry of Hajj and Umrah, enabling the provision of accommodation services for pilgrims at the Drnef Ajyad hotel and Drnef Kudai hotel in Mecca. Read More »

Announcement by MEFIC Capital Regarding a Non-Material changes of MEFIC REIT Fund (Signing a management and operation agreement with “Value Expert” to manage and operate Dhiyafa property)

Element List Explanation Description of the Event MEFIC Capital announces that the board of directors of the fund has approved a non-material changes in MEFIC REIT Fund, and the changes will be effective from (1445/08/20 H) (2024/03/01).   MEFIC REIT fund has signed a management and operation agreement to manage and operate Dhiyafa property with …

Announcement by MEFIC Capital Regarding a Non-Material changes of MEFIC REIT Fund (Signing a management and operation agreement with “Value Expert” to manage and operate Dhiyafa property) Read More »

Announcement by MEFIC Capital regarding the Distributions of funds dividends to Unitholders of MEFIC REIT Fund

Element List Explanation Introduction MEFIC Capital announces the distribution of cash dividends to the Unitholders of MEFIC REIT Fund for the period from 01 January 2023 to 31 December 2023 as follows: Dividends maturity period 01 January 2023 to 31 December 2023 Total distributed dividends 5,862,144 SAR Number of Outstanding Units on which Cash Distributions …

Announcement by MEFIC Capital regarding the Distributions of funds dividends to Unitholders of MEFIC REIT Fund Read More »

Announcement by Middle East Financial Investment Company (MEFIC Capital) for the Availability of the quarterly statement of MEFIC SAUDI EQUITY FREESTYLE FUND for the period ending on 2023-12-31.

Middle East Financial Investment Company (MEFIC Capital) announces that the quarterly statement of MEFIC SAUDI EQUITY FREESTYLE FUND for the period ending on 2023-12-31. A copy of the quarterly statement can be found in the attachments. Saudi Freestyle Equity Fund Q4- 2023 – ENG

Announcement from Middle East Financial Investment Company (MEFIC Capital) Regarding the operation of Drnef Ajyad Hotel

MEFIC Capital announces the full complement of all restoration work and preparation for operation of the Drnef Ajyad Hotel as per of the standards for the “Boudl Group of Hotels and Resorts”, which was fully financed from the fund’s own resources, the operator begun the trial operation in accordance with his standard until fulfillments all …

Announcement from Middle East Financial Investment Company (MEFIC Capital) Regarding the operation of Drnef Ajyad Hotel Read More »

Announcement by Middle East Financial Investment Company (MEFIC Capital) regarding an update of the terms and conditions of MEFIC REIT Fund

Element List Explanation Introduction Middle East Financial Investment Company (MEFIC Capital)  announces an update of the terms and conditions of the MEFIC REIT Fund  as of (15/04/1445 H) corresponding to (30/10/2023 G.). A summary of the main updated items are as follows: Effective Date of the Update to Fund’s Terms and Conditions 2023-10-30 Corresponding to …

Announcement by Middle East Financial Investment Company (MEFIC Capital) regarding an update of the terms and conditions of MEFIC REIT Fund Read More »

Announcement by Middle East Financial Investment Company (MEFIC Capital) regarding an update of the terms and conditions of MEFIC SAUDI EQUITY FREESTYLE FUND

Middle East Financial Investment Company (MEFIC Capital) announces an update of the terms and conditions of MEFIC SAUDI EQUITY FREESTYLE FUND as of (15/04/1445 H) corresponding to (30/10/2023G) A summary of the main updated items are as follows: Implementing the rules for collecting zakat from investors in investment funds. The Updated Terms and Conditions can …

Announcement by Middle East Financial Investment Company (MEFIC Capital) regarding an update of the terms and conditions of MEFIC SAUDI EQUITY FREESTYLE FUND Read More »