Al Moammar Information Systems Signs MoU with Al Rajhi Capital to Launch Shariah-Compliant Investment Fund

On the 29th of August 2021, a Memorandum of Understanding (MoU) was signed between Al Moammar Information Systems (MIS) and Al Rajhi Capital, to launch a special Shariah-compliant investment fund worth SAR 1 billion (USD 266.6 million).

Why it Matters?

The aim of this fund is to realise regular income for investors via financing and operational leasing of technology, medical equipment and digital infrastructure, primarily in FinTech and medical equipment in the private, semi-governmental, and governmental sectors in Saudi Arabia.

Details

A company-filed statement with the Bourse said that the fund will be launched as a first phase in line with the Investment Funds Regulations of the Kingdom’s Capital Market Au...