Al Rajhi Capital announces the occurrence of a specific event related to Al Rajhi REIT Fund (Signing a shariah compliant facilities agreements for an amount of 2.5 Billion from Al Rajhi Bank and Saudi Awwal Bank)
Al Rajhi Capital, in its capacity as the manager of the Al Rajhi REIT Fund, announces the completion of the process of signing a new shariah compliant facilities agreements Dated 29/03/2026 G corresponds 10/10/1447 H with Al Rajhi Bank for an amount of 1,750,000,000 Saudi riyals. And with Saudi Awwal Bank for an amount of 750,000,000 Saudi riyals.
The duration of the facility is seven years from any drawdown, for the limit provided by Al Rajhi Bank, and The duration of the facility is five years from any drawdown, for the limit provided by Saudi Awwal Bank. bringing the total size of the facilities limits to the fund to be 2,500,000,000 Saudi riyals.
Where the fund manager aims, by signing the new facilities agreements, to refinance and to finance any future acquisition deals that will maximize the targeted returns for unit holders and achieve the fund’s objectives, while
maintaining the upper limit of the financing ratio according to the
fund’s terms and conditions 50% of the fund’s total assets according
to the latest financial statements.
