AnnouncementDetails

Actions

Addendum Announcement from Osool & Bakheet Investment Company regarding occurrence of a specific event to AL Maather REIT Fund

Element ListExplanation
Date of the Previous Announcement 2021-03-30 Corresponding to 1442-08-17
URL of the Previous Announcement Click Here
Subject of change Further to the announcement of Osool and Bakheet Investment Company, the manager of Al-Ma'ather REIT Fund, published on 17-08-1442 AH, , corresponding to 30-03-2021G The fund manager received a letter from the General Directorate of Medical Services MOI acting as a tenant of Al Sahafa building 1 located in Al Olaya street in Riyadh city according to the following coordinate (24°47'49.2"N 46°38'00.3"E), it states the tenant’s desire not renewing a contract that expires on 21/01/1443 Hijri Corresponding to 29/08/2021G , which is the annual rental value of SAR 3,800,000 (three million eight hundred thousand), it represents 7% from the total annual rents, note that the rental value already received until the end of the contract term.

The fund manager would like to inform the fund's units owners that the tenant is still occupying the property and in accordance with his contractual obligations, which allow him to renew for an additional six months after the end of the contract. The fund manager, the unit holders, at the time when any developments in this regard occur.

The Impact Caused by the Change Continuation of rental income in accordance with previous contractual conditions

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.

Company Profile

Actions

Company Profile

Summary

Last Price Net Change
9.38 -0.02 (-0.21%)
Value Traded (SAR) Volume Traded
1,059,637.73 112,968