OSOOL & BAKHEET INVESTMENT COMPANY Announce Regarding the occurrence of an event to AlMa’ather REIT
Thursday, February 11, 2021 at 5:31 PM
Osool & Bakheet Investment Company announces the mortgage of two real estate located in Riyadh city, defined as Al Tkahssusi showrooms and Genx Al Rabie properties to Al Rajhi Bank “Bank” on Thursday 29/06/1442H corresponding to 11/02/2021G. This mortgage is given as a guarantee for sharia compliant facility intended to be provided by the Bank for the fund.
There’s no financial impact of this event, because the fund didn't use associated facility yet.
Osool & Bakheet Investment Company confirms that there are no related parties in the transaction mentioned above.