Category: News

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Bayet 52 unit holders meeting

Bayet 52 unit holders meeting

Time: Wednesday 13th of September 2017, 06:30 pm

Location: MaCeen Capital Head office-Riyadh- First floor meeting room.

Meeting Agenda: the unit holders will be voting on the following decision;

  1. Decision that was made by the unit holders committee (Mr Nasser Al Subeaei, Mr Bander Al Khorayef and Mr Fares Al Balwi), which is selling Bayet 52 fund’s asset to Al Bilad Capital for the price of SAR 270 million.
  2. Extension of the fund until 01/04/2019
  3. Selling the Fund’s asset (the building) in a public auction in a period not exceeding 60 days from 31/10/2017
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QInvest and Maceen Capital sign strategic agreement

QInvest, Qatar’s leading investment bank, and Maceen Capital, a Saudi joint stock investment company, signed a strategic distribution agreement to work in collaboration to better service investors in the Kingdom of Saudi Arabia.

The agreement will allow Maceen’s existing clients as well as new qualified investors direct access to QInvest’s asset management and advisory platform, offering them the opportunity to participate in funds and investment deals available in Qatar and international markets.

“This agreement represents a positive step towards achieving our goal to reach and serve qualified investors in the Saudi market in a structured and convenient approach that meets their diverse investment needs and in collaboration with institutions we trust,” Tamim Al Kawari, Chief Executive Officer, QInvest, said in a statement.

Investment Products

Badr Al-Hammad, Chairman of the Board, Maceen Capital, said: “This agreement strengthens the existing cooperation between the two firms by enabling ease of access to a range of investment products for which we see increasing demand in the Saudi market. Maceen Capital’s high-ranking position among financial companies in Saudi Arabia ensures that it can provide its investors with matchless opportunities.”

QInvest

QInvest is the leading investment bank in Qatar and one of the most prominent Islamic financial institutes globally, with operations across the Middle East and Europe. It provides exceptional products in asset management, investment banking, real estate investment, credit investment and debt finance.

QInvest’s Asset Management division has witnessed a strong performance across the year with assets under management growing across a number of strategies. There has also been a number of positive developments in terms of developing new distribution channels with the team adding one of Turkey’s fastest growing brokerage houses to distribute QInvest’s onshore Turkish funds, and the addition of a new bancassurance channel in the GCC to distribute the QMAP fund range.

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Badr Al-Hammad at the Euromoney conference in real estate session 05/04/2016

قال بدر الحماد، إن رؤية 2030 لها أهداف محددة ولها نسب تسعى إلى الوصول إليها ولكي يتم الوصول لهذه النسب لا بد من أن يكون هناك تعاون بين ملاك الأراضي والمطورين، وأن يتعاون المطور في بناء الوحدة بتكلفة منطقية، وعلى شركات التمويل تقديم قروض بعوائد منطقية، حتى يتم الوصول للمطلوب بأسعار مناسبة، وأشار إلى أن هذا تحد كبير في ظل التغيرات التي قد تشهدها أسعار الفائدة داعيا إلى ضرورة البدء في ذلك على وجه السرعة.

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The presence of the kingdom within the Group of Twenty

Saudi Arabia is the only Arab country in the Group of Twenty, which confirms the great prestige enjoyed by the Kingdom in the representation of the Arab nation a whole in this international gathering, which includes the largest in the world 20 economy, as well as economic, political and religious clout enjoyed by the international level, The presence of Saudi Arabia within the Group of Twenty represents a recognition of the prominent role of the Kingdom in the consolidation of peace and stability regionally and globally, and in recognition of its central role in controlling the stability of the energy markets, through the adoption of conscious and prudent policy Rkizatha achieve the interests of producers and consumers, through achieving fair prices for energy keeps the pace of economic growth Universal, and check everyone’s interests, in addition to the prominent role within the Group of Twenty in international economic policies that contribute to the global economy out of its crises according to a comprehensive vision of the meet in which members of the Group of Twenty fee.