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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Qannas Investments Limited | LSE:QIL | London | Ordinary Share | KYG7306P1037 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.625 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
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)
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
UPDLLFFLFALRIIT
(END) Dow Jones Newswires
December 06, 2018 06:35 ET (11:35 GMT)
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