Link to previous announcement:
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.