Saudi: Sakan closes Jood Eskan charitable IPO; nets over $400mln zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Saudi development housing corporation Sakan has successfully closed its Jood Eskan Charity subscription after achieving its target of over SR1.5 billion ($400 million). Through this campaign, Sakan aims to provide homes to 3,500 needy Saudi families.
Saudi National Developmental Housing Corporation (Sakan) said it has secured over SR1 billion ($266 million) through its IPO-style campaign within 13 days of the launch. The Jood Eskan charity will help provide residences to 3,500 needy Saudi families.