OSOOL & BAKHEET INVESTMENT COMPANY announces the occurrence of an event to AlMa’athar REIT
Thursday, August 29, 2019 at 3:00 PM
Thu Aug 29, 2019 15:00
Osool & Bakheet Investment Company announces the mortgage of a commercial/offices real estate asset in Riyadh city, defined as Al-Muhamdiah property to Al Rajhi Bank “Bank” on Thursday 28/12/1440H corresponding to 29/08/2019G. This mortgage is a guarantee of shariah-compliant facility by bank planned to be provided to the fund.
There’s no financial impact of the mortgage so far because the fund didn't consume any part of available facility.
Osool & Bakheet Investment Company confirms that there are no related parties in the transaction mentioned above.