Share Name Share Symbol Market Type Share ISIN Share Description
QANNAS INVESTMENTS LIMITED NEX:QIL.GB NEX Ordinary Share KYG7306P1037
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

Qannas Investments Limited New Investment

06/12/2018 11:35am

UK Regulatory (RNS & others)


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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)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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December 06, 2018 06:35 ET (11:35 GMT)

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