Osool & Bakheet Investment Company Announces Material Development relating to Al Ma’athar REIT (Signing of shariah-compliant facility agreement with Al Rajhi Bank worth SR 400,000,000)

Mon Aug 5, 2019 10:00 Osool & Bakheet Investment Company announces that Al Ma’athar REIT had signed Shariah-compliant facility agreement with Al Rajhi Bank worth SAR400,000,000 on 04/08/2019 G corresponding to 03/12/1440 H. As a collateral we have provided Al Rajhi Bank with a promissory note and mortgage pledge on properties.The facility’s term is five…

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