03
September
03/09/2024
Derayah Financial Announces the Occurrence of Specific Event to Derayah REIT Fund regarding the selling of a residential building in Dammam
| Element List | Explanation |
|---|---|
| Introduction | Derayah Financial (“Fund Manager”) Announces an Event Relating to Derayah REIT (“The Fund”) regarding the selling of Employees Building in Dammam |
| Description of the Event |
Derayah Financial the fund manager of Derayah REIT (“The Fund”), announces completion of the sale process of the “Employees Building – Dammam” and the transfer of the property from Derayah REIT to the buyer on 02/09/2024, the property sale price is (SR 5,100,000). |
| The Impact Caused by the Event |
The impact is expected to be generally positive, which will be reflected in the Fund’s results during the second half of 2024. |