Derayah REIT Fund — Capital/Financing Update 2020

Sep 1, 2020

Addendum Announcement from Derayah Financial the Fund Manager of Derayah REIT on signing an acquisition agreement for a logistics complex in Riyadh.

4339 · 01/09/2020 15:51:29 · Announcement #60285 · View on Saudi Exchange

Addendum Announcement from Derayah Financial the Fund Manager of Derayah REIT on signing an acquisition agreement for a logistics complex in Riyadh.

4339

DERAYAH REIT

0.19 %

1442/01/13     01/09/2020 15:51:29

Element List	Explanation
Date of the Previous Announcement	2019-07-21 Corresponding to 1440-11-18
URL of the Previous Announcement	Click Here
Change Details	Further to Derayah Financial announcement published on 21/07/2020, Derayah financial would like to announce the transfer of a logistics complex in Riyadh on Tuesday 13/01/1442 corresponding to 01/09/2020 as the legal and technical procedures were completed successfully. The purchase price is SR140 million which was funded through the available banking facility for Derayah REIT.
The Impact Caused by the Change	It is expected that the results of the acquisition will be positive on Derayah REIT’s financial performance in the fourth quarter of 2020.

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