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Derayah Financial Announces the Occurrence of Specific Event to Derayah REIT Fund
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DERAYAH REIT
-0.17 %
1446/03/21 24/09/2024 15:38:03
| Element List | Explanation |
|---|---|
| Introduction | Derayah Financial (the “Fund Manager”) in its capacity as the Fund Manager of Derayah REIT (the “Fund”) announces a partial repayment of the fund loan. |
| Description of the Event | Derayah Financial, in its capacity as the Fund Manager of Derayah REIT, announces a partial repayment of the fund loan amounting to 5,100,000 Saudi Riyals from the fund's existing financing with Al Rajhi Bank, using proceeds from the sale of the property announced on 03/09/2024. Additionally, the financing profits have been settled and the financing cost has been recalculated following the decrease in the SAIBOR rate. |
| The Impact Caused by the Event | It is expected that the impact will be positive by reducing the financing fees on the fund, which will be reflected in the fund's results during the second half of 2024. |
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.
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Last Price 5.97
Net Change -0.01 (-0.17%)
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