Mulkia Investment Company announces the launch and commencement of operations of (Mulkia Al Anwar Real Estate Fund), a private closed real estate fund with a total investment volume of approximately 650 million Saudi riyals, aiming to own a raw land of approximately 2.6 million square meters located in the north of Buraidah city. The fund aims to develop the infrastructure of the land, divide it and sell it as developed plots of land with the possibility of developing the superstructure of part or all of the land, as the ending of the memorandum of understanding signed with the property owners and the work after that was in a non-exclusive and non-binding for both parties regarding the acquisition of the property, This resulted to agreement between the two parties and the launch of the fund. It is expected to have a positive impact on the company’s revenues exceeding 5% of the total revenues in the latest audited annual financial statements.