Al-Marsad newspaper: The Vice Chairman of the Board of Directors of the Al-Jawhara Real Estate Fund, Muhammad Al-Dabaan, revealed today, Wednesday, the reasons for the approval of the High Commissioner for sukuk in the Al-Jawhara scheme north of Riyadh, after it was previously canceled.
Al-Dabaan explained in a telephone interview with the “An-Nahar” program on the “Al-Ikhbariya” channel, that the cancellation was the result of reviews by the Ministry of Justice to ensure that the instruments were in important and unimportant places, and the cancellation occurred as a result.
He added: After confirming the areas and foundations of the instrument, it was approved by the concerned authorities, who raised it to the supreme rank, who was honored to approve it, indicating that the approval had a great impact on the shareholders and the general situation in the market.
Al-Dabaan concluded by saying: The decision brought about relief that all the completed instruments and their foundations are valid and have no dust, the end of which will be the license, as happened in our Sukuk.