27 November
27/11/2024
Derayah Financial Announces the Occurrence of Specific Event to Derayah REIT Fund
| Element List | Explanation |
|---|---|
| Introduction | Derayah Financial (“Fund Manager”), in its capacity as the manager of Derayah REIT Fund (“The Fund”), announces that a legal case has been filed against the Fund. |
| Description of the Event | Derayah Financial Company, in its capacity as the manager of Derayah REIT Fund, announces that it has received a notice regarding the current tenant of the Smart Tower property filing a lawsuit against the Derayah REIT Fund, demanding the annulment of the property purchase agreement dated 07/08/2017. |
| The Impact Caused by the Event | The Fund Manager is unable to determine the impact of this event at this time and will announce any material developments related to the matter as they become available. |