Announcements
Announcement from Jadwa Investment Company Regarding the Occurrence of a Specific Event for Jadwa REIT Saudi Fund
Sun, 20 August 2023
Jadwa Investment Company in its capacity as the Fund Manager Jadwa REIT Saudi Fund (the "Fund") announces the signing of shariah-compliant facility agreement with Banque Saudi Fransi (the “Agreement”) after obtaining the Fund’s Board of Directors approval
The Agreement was signed with a limit of (SAR 1,000,000,000), that will be used for the purpose of repaying the entire existing facility with Banque Saudi Fransi related to the previous facility of (SAR 453,122,500) and the remaining will be used to finance the Fund's investment objectives
The impact of the decline in the profit margin is expected to be positive on the fund’s financial performance over the next five-year period.