Jadwa REIT Saudi Fund announces an Addendum Announcement regarding occurrence of a specific event

Jadwa REIT Saudi Fund announces an Addendum Announcement regarding occurrence of a specific event

28 February 2024 03:59 PM

Element List

Explanation

Introduction

Following the announcement of Jadwa Investment Company published on 08/02/1445H corresponding to 24/08/2023G regarding the signing of a Sale and Purchase Agreement for Al Fanar Residential compound located in in Khobar.

Date of the Previous Announcement

2023-08-24 Corresponding to 1445-02-08

Hyperlink to the Previous Announcement

Click Here

Change Details

Jadwa Investment Company would like announce the completion of the sale process and transferring the title deed of the property to the buyer after fulfilling sale and purchase agreement terms and receiving the sale proceeds to the fund on 08/18/1445H corresponding to 28/02/2024G.

The Impact Caused by the Change

It is expected that the impact will be positive on the fund as the financial impact of the sale will be included in the fund's financial statements for the first half of this year 2024G.

Additional Information

The Fund Manager will disclose any developments in this regard.

Jadwa REIT Saudi Fund announces an Addendum Announcement regarding occurrence of a specific event