| 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
Sub Title Sub Title Sub Title
Post 1
June 15, 2025
MEFIC Capital Signs an Agreement with Russell Investments as Its Exclusive Technical Advisor
May 5, 2025
Announcement by Middle East Financial Investment Company (MEFIC Capital)
The availability of the Quarterly statement of MEFIC Saudi Equity Freestyle Fund for the period ending on 2025-03-31
April 16, 2025
Announcement by Middle East Financial Investment Company (MEFIC Capital)
The availability of the Quarterly statement of MEFIC Saudi Riyal Murabaha Fund for the period ending on 2025-03-31
April 16, 2025
Announcement by MEFIC Capital
The availability of the Quarterly statement of MEFIC REIT Fund for the period ending on 2025-03-31
April 16, 2025
Announcement by Middle East Financial Investment Company (MEFIC Capital)
that MEFIC SAUDI EQUITY FREESTYLE FUND ’s annual reports, including the annual audited financial statements, for the period ended on ( 2024-12-31 ) are available to the public.
March 27, 2025
Announcement by Middle East Financial Investment Company (MEFIC Capital)
That MEFIC Saudi Riyal Murabaha Fund’s annual reports, including the annual audited financial statements, for the period ended on ( 2024-12-31 ) are available to the public.
March 27, 2025
Announcement by Middle East Financial Investment Company (MEFIC Capital)
That MEFIC REIT Fund’s annual report, including the annual audited financial statements for the period ended on (2024-12-31), are available to the public.
March 27, 2025
The Middle East Financial Investment Company (MEFIC Capital)
for the availability of the semi-annual reports of the assets of MEFIC REIT Fund for the period ending on 31/12/2024
March 2, 2025
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