Riyadh – Mubasher: The Capital Market Authority(CMA) greenlighted an agreement signed between Al Moammar Information Systems Company (MIS) and Al Rajhi Capital to develop an investment fund at an amount of SAR 1 billion as a first stage.
The Sharia-compliant fund aims to generate regular income for investors through financing and operational leasing of digital and technical infrastructure projects as well as medical equipment.
The financing covers governmental, semi-governmental, and private sectors in Saudi Arabia, according to a bourse filing.
MIS will act as the exclusive marketer, supplier, executor, and operator of the fund's projects.
The private investment fund provides several financing methods, including long-term leasing, build-operate-transfer, pay-for-use, and other financing structures.
Earlier this month, the listed firm’s board members agreed to establish a fully-owned subsidiary in Riyadh.
