Item | Description |
Introduction | In addition to the announcement of the AL Wasatah Al Maliah (Wasatah Capital) regarding the approval of the Fund’s Board of Directors to increase the total value of the Fund’s assets through the acquisition of a residential building “Al Jawhara Residential Building” |
Date of the previous announcement on Tadawul website | 27/06/2024 Corresponding to 21/12/1445 |
Hyperlink to the Previous Announcement | |
Subject of change | AL Wasatah Al Maliah (Wasatah Capital) – The fund manager of Al Waha REIT Fund – announces the signing of a residential real estate selling agreement as well as a 5-year rental promise with the current property owner.
It is worth mentioning that the selling agreement and rental promise are subject to completing the process of increasing the fund’s total asset value through additional unit offering which requires approvals of Capital Market Authority, Saudi Exchange (Tadawul) and unit holders.
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The resulted Impact from the change | The fund manager expects that this transaction will have a positive impact on the fund. |
Additional Information | Completion of the process of increasing the total fund’s asset value by obtaining the approvals of Capital Market Authority, Saudi Exchange (Tadawul) and Unitholders.
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