OSOOL & BAKHEET INVESTMENT COMPANY Announce Regarding the occurrence of an event to AlMa’ather REIT

Thursday, February 06, 2020 at 3:45 PM

Thu Feb 6, 2020 15:45

Osool & Bakheet Investment Company announces the mortgage of two real estate offices  located in Riyadh city, defined as First Sahafa and Second Sahafa properties to Al Rajhi Bank “Bank” on Thursday 12/06/1441H corresponding to 06/02/2020G. 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.