MIS obtains regulatory nod to establish SAR 1bn investment fund

MIS obtains regulatory nod to establish SAR 1bn investment fund

The Capital Market Authority(CMA) greenlighted an agreement signed between (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 .