04 September
04/09/2023
Derayah Financial Announces the Occurrence of Specific Event to Derayah REIT Fund
| Element List | Explanation |
|---|---|
| Introduction | Derayah Financial (the “Fund Manager”) in its capacity as the Fund Manager of Derayah REIT (the “Fund”) announces a partial repayment of the fund loan. |
| Description of the Event | Derayah Financial in its capacity as the Fund Manager of Derayah REIT announces a partial repayment of the fund loan amounting to 140,000,000 Saudi Riyals of the fund’s existing financing from Al Rajhi Bank |
| The Impact Caused by the Event | Loan partial repayment will result in reducing Fund’s financing expenses, which will have a positive impact in the second half of 2023 |