01
August
01/08/2023

Addendum Announcement From Derayah Financial Regarding the Occurrence of an Event to Derayah REIT "signing sale agreement to sell AlSharq Warehouses Complex"

Element ListExplanation
IntroductionDerayah Financial announces completion of the sale process of the “AlSharq Warehouses Complex” and the transfer of the property from Derayah REIT to the buyer today 31/07/2023G as per the below:
Date of the Previous Announcement2023-06-21 Corresponding to 1444-12-03
Hyperlink to the Previous AnnouncementClick Here
Change DetailsFurther to Derayah Financial announcement published on 21/06/2023G, Derayah Financial would like to announce the completion of the sale process of the “AlSharq Warehouses Complex” as the legal and technical procedures were completed successfully and the property was transferred from Derayah REIT to the buyer.
The Impact Caused by the ChangeIt is expected that the result of the sale will be positive on Derayah REIT’s financial performance in the second half of 2023.