Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories

BAWABAT MAKKAH COMPANY SIGNS AGREEMENT WITH SWICORP TO JOINTLY LAUNCH “BAWABAT MAKKAH 1ST REAL ESTATE DEVELOPMENT FUND”

IMG 6646

His Excellency Dr. Osama Albar the Mayor of Holy Makkah and Chairman of Board of Directors of Bawabat Makkah Company, a wholly owned subsidiary of Al Balad Al Ameen (which is the real estate development and investment arm of the Makkah Municipality), has signed an agreement with Swicorp, a CMA licensed investment bank, to jointly launch the Bawabat Makkah 1st Real Estate Development Fund.

Bawabat makkah company signs agreement with swicorp

Bawabat makkah company signs agreement with swicorp

Eng. Essam Kalthoum, Managing Director of Bawabat Makkah Company, revealed that Bawabat Makkah 1st Real Estate Development Fund involves the development of a 1.5 Million sqm site which is located inside the Bawabat Makkah area between Makkah-Jeddah highway and Al Lith Highway. Expected to be launched by the second quarter of 2014, this SAR 1.0 Billion Fund will be aimed principally, after securing required CMA approval, at the retail investors to allow the public to participate in an attractive real estate development opportunity.

Mr. Kamel Lazaar, Founder and Chairman of Swicorp, added: “Swicorp is honored to take the role of Fund Management for Bawabat Makkah 1st Real Estate Development Fund and contribute to the development process for city of Makkah. We are confident that with our experience and expertise in asset management and real estate financing, we will be able to successfully launch and execute this Fund together with Bawabat Makkah Company. We hope that this Fund will be the start of a long term mutually beneficial relationship between both parties. We firmly believe that this fund will be a great addition to the range of products and funds that Swicorp carefully select to provide to its clients in order to help them achieving their objectives”.

About Swicorp:
Swicorp is a leading corporate asset management, financial advisory, private equity and principal investment firm with a specific regional focus on the Middle East and North Africa (MENA) region.

Founded in 1986 and licensed by the Capital Market Authority of the Kingdom of Saudi Arabia, and the Dubai Financial Service Authority of the United Arab Emirates, Swicorp has an extensive track record of pioneering M&A and Advisory transactions across the MENA region over the last 26 years. Swicorp has also developed into one of the leading players in the Private Equity sector in the MENA region, raising nearly US$ 1.3 billion in funds from investors since 2004.

From its headquarters in Riyadh and regional offices in Jeddah, Geneva, Tunis, Dubai and Algiers, Swicorp provides a wide range of corporations and investors with independent advice and assistance on key strategic and financial issues.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post