Al Maather REIT provided a property mortgage deed for Al Rajhi Bank, in a guarantee for the Shariah-compliant facilities secured from the bank, Osool & Bakheet Investment Co., the fund manager said.

 

There is no relevant financial impact, and the deal included no related parties.

 

Earlier last month, Al Maather REIT signed a Shariah-compliant facility agreement with Al Rajhi Bank worth SAR 400 million. The five-year term facility was aimed at financing the expansion plans of the fund through new acquisitions of income-generating properties. 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request