|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