Announcements
Addendum Announcement from Jadwa Investments Company Regarding the Occurrence of a Specific Event for Jadwa REIT Saudi Fund
Wed, 28 February 2024
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. 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
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.
The Fund Manager will disclose any developments in this regard.