Specialized Medical Company (SMC Healthcare) announces the intention to establish Al Wadi Real Estate Fund | premargin

Specialized Medical Company (SMC Healthcare) announces the intention to establish Al Wadi Real Estate Fund

TadawulDecember 1, 2025View on exchange

Element List	Explanation
Announcement Detail	SMC Healthcare announces its intention to establish Al Wadi Real Estate Fund, a close-ended, Shariah-compliant real estate investment fund. As part of the fund’s structure, SMC Healthcare will contribute its land parcel as an in-kind equity stake, securing an equity interest in the fund in return. Further details will be disclosed following the completion of the related appraisal and structuring processes. The fund’s primary objective will be to develop a five stars Hotel or a Healthcare project on the contributed land, with Bank of London and The Middle East (BLME Capital – Sharia Compliant Bank) appointed as the fund manager. The Board of Directors has authorized SMC’s CEO to proceed with the necessary steps to complete the fund’s formation. SMC will announce any material developments related to the fund’s establishment in due course.

Element List

Explanation

Announcement Detail

SMC Healthcare announces its intention to establish Al Wadi Real Estate Fund, a close-ended, Shariah-compliant real estate investment fund.

As part of the fund’s structure, SMC Healthcare will contribute its land parcel as an in-kind equity stake, securing an equity interest in the fund in return. Further details will be disclosed following the completion of the related appraisal and structuring processes.

The fund’s primary objective will be to develop a five stars Hotel or a Healthcare project on the contributed land, with Bank of London and The Middle East (BLME Capital – Sharia Compliant Bank) appointed as the fund manager.

The Board of Directors has authorized SMC’s CEO to proceed with the necessary steps to complete the fund’s formation. SMC will announce any material developments related to the fund’s establishment in due course.