| Element List | Explanation |
|---|---|
| Introduction | The Middle East Financial Investment Company (MEFIC Capital) has announced a significant development regarding the MEFIC REIT. The fund has signed a swap agreement concerning the “The Pad” property located in Dubai on 20/04/1446 AH (23/10/2024 AD), valued at AED 62,600,000. |
| Description of the Event | This agreement involves reinvesting in the ownership of Downtown Bay Developments Limited, allowing the fund to acquire preferred shares in the aforementioned company, which operates in the real estate development sector. The book value of “The Pad” property was 58,440,661 as of 30/06/2024.The fund manager will publish all the details upon completing the agreement. |
| The Impact Caused by the Event | The fund manager anticipates a positive impact on the fund’s performance and financial statements as a result of this agreement. |
The Middle East Financial Investment Company (MEFIC Capital)
The Middle East Financial Investment Company (MEFIC Capital) has announced a significant development regarding the MEFIC REIT
MEFIC Capital News
Announcement by Middle East Financial Investment Company "MEFIC Capital"
for providing the public with the interim financial statements of MEFIC SAUDI EQUITY FREESTYLE FUND ’s for the period ending on ( 2025-06-30 ) are available to the public
August 11, 2025
Announcement by Middle East Financial Investment Company "MEFIC Capital"
for providing the public with the interim financial statements of MEFIC Saudi Riyal Murabaha Fund’s for the period ending on ( 2025-06-30 ) are available to the public
August 11, 2025
Announcement by MEFIC Capital
for providing the public with the interim financial statements of MEFIC REIT Fund ’s for the period ending on (30-06-2025) are available to the public
August 11, 2025
MEFIC Capital Announces
the Occurrence of a Specific Event to MEFIC REIT Fund
July 27, 2025
MEFIC Capital’s Private Equity Funds
Complete Successful Partial Exit from Sports Club Company via Tadawul Initial Public Offering
July 23, 2025
Announcement by MEFIC Capital
for the availability of the semi-annual reports of the assets of MEFIC REIT Fund for the period ending on 30/06/2025
July 16, 2025
Announcement by MEFIC Capital
the availability of the Quarterly statement of MEFIC REIT Fund for the period ending on 30-06-2025.
July 14, 2025
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 30-06-2025
July 14, 2025
Announcement by Middle East Financial Investment Company (MEFIC Capital)
for the Availability of the quarterly statement of MEFIC Saudi Riyal Murabaha Fund for the period ending on 30-06-2025:
July 14, 2025
If you have any questions or require further assistance, contact us today.
Contact Us