Alkhabeer Capital, the manager of Alkhabeer REIT Fund, announced the signing of a financing agreement with Al-Rajhi Bank to obtain additional credit facilities in compliance with Islamic law of about one billion riyals, and that in return for Mortgage.
The company said in a statement to the Saudi Market (Tadawul), today, Wednesday, that the financing aims to complete the acquisition process to increase the total value of the fund's assets or any future assets.
p>
and indicated that the full value of the banking facilities will be paid at the end of the contractual period of up to 5 years, and the period of repayment of the profit margin will be semi-annual, beginning when financing is withdrawn from the bank. .
It also indicated that banking facilities, in addition to subscription receipts, will be used through an additional offering to end the acquisition and transfer all legal documents in favor of the fund.
and the financial expert expected that the impact of these facilities would be positive on the performance and results of the fund.
(Amazon Fun Knowledge)
