Riyad REIT Fund — Capital/Financing Update 2018

Jan 25, 2018

Riyad REIT announces its intention to establish a 1 billion Saudi Riyal sukuk program

4330 · 25/01/2018 08:25:06 · Announcement #49248 · View on Saudi Exchange

Riyad REIT announces its intention to establish a 1 billion Saudi Riyal sukuk program

4330

RIYAD REIT

-2.71 %

1439/05/08     25/01/2018 08:25:06

Riyad REIT announces its intention to establish a sukuk program with a targeted size of one billion Saudi Riyal through a serires of tranches.

Riyad REIT is the first REIT to issue Sukuk program in Saudi Arabia. The program aims to diversify sources of finances and their maturity profiles and to support the expansion of Riyad REIT portfolio by acquiring income producing assets beside the assets announced earlier which will be financed through the capital increase.

The program will be established and launched after completion of all regulatory procedures, as required by the Fund and according the market conditions.

The Funds Board of directors has approved to establish the program on 24/01/2018.

The Fund will announce any other significant development in this regard in due course.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.