MEFIC Capital Distribute Al-Qannas Fund Dividends
February 3, 2015
The Board of Director of Al-Qannas Fund, managed by Middle East Financial Investment Company “MEFIC Capital”, a leading Investment House, licensed and regulated by the Capital Market Authority of Saudi Arabia, has approved the distribution of the fund’s annual net yield of 8%.
Al-Qannas Fund is a closed Real Estate Investment Fund, aims to acquire income generating properties, allowing its investors to participate in the beneficial ownership of such assets, with pre-defined exit strategies. Such strategies have helped the fund achieving its investment objectives of generating an annual dividend that surpass similar opportunities available in the local Real Estate Market.
Under the leadership of Mr. Ibrahim Al-Hedaithi, the Managing Director of MEFIC Capital, MEFIC managed real estate funds have achieved strong return on Investments for investors, with a measured level of risk.