26
December
26/12/2019

Addendum Announcement from Addendum Announcement from Derayah Financial the Fund Manager of Derayah REIT on Signing of a purchase agreement to acquire a portfolio of logistics assets in the kingdom of Saudi Arabia Regarding

Link to previous announcement:

https://bit.ly/368aGn8

 

Change Details:

Further to Derayah Financial announcement published on 25/09/2019G, Derayah financial would like to announce the  transfer of a logistics real estate asset in Dammam on Thursday 29/04/1441H corresponding to 26/12/2019G as the legal and technical procedures were completed successfully. The purchase price is SR29 million which was funded through the available banking facility for Derayah REIT.

 

The Impact Caused by the Change:

It is expected that the results of the acquisition will be positive on Derayah REIT’s financial performance in the first half of 2020.