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Loan Facility

24 June 2019

MENA Land PLC (the "Company") is pleased to announce that on 24 June 2019 it signed a loan facility agreement with Blue Rock Investments LLC ("Blue Rock") (the "Facility").

The Facility is for a principal amount of £100,000 for a period of five years and carries an interest coupon of 5% per annum.

Khalifa Hasan Ali Saleh Al Hammadi, who owns 100% of the issued share capital of ME Land Company PLC, which in turn owns 70% of the issued share capital of the Company, owns 50% of the issued share capital of Blue Rock.  As a result, the Company entering into the Facility constitutes a material related party transaction under clause 7.3.8 of the Disclosure and Transparency Rules.

 

Enquiries:

MENA Land PLC
John-Paul Etheridge
00 971 50 454 2608
www.mena-land.com

 

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