Astrotourism: Two resorts in Saudi Arabia are the first to receive DarkSky certification
Looking for a stargazing escape? Desert Rock Resort and Nujuma, a Ritz-Carlton Reserve in Saudi Arabia have earned DarkSky’s Approved Lodgings & Resorts certification.
Saudi-based Aajil Capital has obtained a Capital Market Authority (CMA) permit to engage in investment management for the securities market in Saudi Arabia. The firm, a sister company to industrial financing platform Aajil, has not yet begun regulated operations and will commence once fulfilling the CMA's pre-operations prerequisites.
After commencing operations, Aajil Capital aims to offer Shariah-compliant investment services, granting investors access to the industrial SME sector in the Kingdom. Only a licensed investment fund would be permitted to offer such services. The industrial supply chain, which is crucial for construction projects and factories, currently receives minimal bank credit - just 9 percent, despite a Vision 2030 target of 20 percent.
Aajil Capital, chaired by Abdulla Sheikh and led by CEO and CIO Faisal Chowdhry, plans to leverage its sister company's origination infrastructure and transaction data to create a Shariah-compliant investment strategy for institutional investors.
Written by urgent.news from Wamda's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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