20 January
20/01/2025
Derayah REIT Fund announces an Addendum Announcement regarding the updates on the announcement published on 27 November 2024 related to the Smart Tower property
| Element List | Explanation |
|---|---|
| Introduction | Derayah REIT Fund announces an Addendum Announcement regarding the Announcement Published on November 27, 2024, Concerning the Current Tenant of the Smart Tower Property Filing a Lawsuit Against Derayah REIT. |
| Date of the Previous Announcement | 2024-11-27 Corresponding to 1446-05-25 |
| Hyperlink to the Previous Announcement | Click Here |
| Change Details | Derayah Financial Company announces that it has received a notice from the fund’s legal counsel, Naif Mohammed Al-Salem Law Firm, regarding the issuance of a preliminary court ruling by the First Large Claims Circuit of the General Court in Riyadh. The ruling dismissed the lawsuit filed against the fund. It is worth noting that the issued ruling is preliminary and subject to appeal. |
| The Impact Caused by the Change | There is no impact. |
| Additional Information | The company will announce any material developments regarding this matter in due course. |