Qannas Investments Limited New Investment (6925J)
06 Décembre 2018 - 12:35PM
UK Regulatory
TIDMQIL
RNS Number : 6925J
Qannas Investments Limited
06 December 2018
Qannas Investments Limited
("Qannas" or the "Company")
Investment in Project Three
Qannas Investments Limited, the closed-ended investment company
listed on the AIM market, is pleased to announce that it has
participated in "Project Three", being a consortium debt investment
with an annual interest rate of 9.75% in an independent UAE based
Investment Firm, with operations in education, energy,
construction, insurance, and other businesses. Qannas provided AED
34 million (approx. $9.3 million) of an overall loan of AED 250
million (approx. US$68.1 million). The investment is secured
against units in the Goldilocks Fund (in which Qannas is already
invested) with a current market value significantly greater than
the value of the loan.
For further information please contact:
Qannas Investments Limited Tel: 01534 844 806
Nadia Trehiou
ADCM Ltd. (Investment Manager) Tel: +971 2 639 0099
Mustafa Kheriba
finnCap Ltd Tel: 020 7220 0500
Henrik Persson/William Marle (Corporate Finance)
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END
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