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Derayah REIT Fund announces an Addendum Announcement regarding The updates on the announcement published on 08 October 2023 related to the educational property
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DERAYAH REIT
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1446/06/18 19/12/2024 09:37:27
| Element List | Explanation |
|---|---|
| Introduction | Further to Derayah Financial's announcement published on 08 October 2023 regarding the educational property (a school) located in the Al Diriyah Governorate and owned by the Fund, which required the tenant (lessee) to terminate the lease contract and vacate the property. |
| Date of the Previous Announcement | 2023-10-08 Corresponding to 1445-03-23 |
| Hyperlink to the Previous Announcement | Click Here |
| Change Details | A settlement agreement has been reached between the Fund and the previous tenant, fully resolving all disputes. This settlement includes a payment of SAR 4,500,000, in addition to SAR 6,000,000 previously paid. |
| The Impact Caused by the Change | The property debt will be written off, and the related provision for doubtful debts, totaling 8,359,863 SAR, will be closed. |
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 5.27
Net Change 0.0 (0.0%)
Value Traded (Sar) 206,536.97
Volume Traded 39,308
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