Osool and Bakheet Investment Company) announces a non-basic change in (Osool and Bakheet Saudi Trading Equity Fund)
(Osool and Bakheet Investment Company) announces the issuance of the approval of the Fund’s Board of Directors on a non-basic change in the Fund (Osool and Bakheet Saudi Trading Equity Fund) the change is effective on 10/01/1443H (18/08/2021) the non-basic change details were assigning RSM Allied Accountants (RSM) instead of Al-Bassam & Partner (PKF) and…
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Norah Alfari
Osool & Bakheet Investment Company announces an update in Al Ma’ather REIT Terms and Conditions
Osool & Bakheet Investment Company the manager of Al-Ma’ather REIT Fund announces an update in Al Ma’ather REIT Terms and Conditions as of 23/02/1443H corresponding to 30/09/2021G.In order to convert the fund to a Real Estate Investment Traded Fund takes the form of a special purpose entity. You can read the updated Terms and Conditions…
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Norah Alfari
Addendum Announcement from Osool & Bakheet Investment Company regarding occurrence of a specific event to AL Maather REIT Fund
Description of the Event: Further to the announcement of Osool and Bakheet Investment Company, the manager of Al-Ma’ather REIT Fund, published on 17-08-1442 AH, , corresponding to 30-03-2021G The fund manager received a letter from the General Directorate of Medical Services MOI acting as a tenant of Al Sahafa building 1 located in Al Olaya…
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Norah Alfari
OSOOL & BAKHEET Investment Company announces releasing the semi-annual financial statements for Al Maather REIT for the period ended on 30/06/2021
Osool & Bakheet Investment Company announces releasing the annual financial statements for Al Maather REIT for the period ending on 30/06/2021. Below is the summary of the annual financial statements for the period:– Net Asset value as of period end is SAR 536,751,530.– Total Expenses & fees for the period is SAR 14,118,844.– Net profit…
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Norah Alfari
OSOOL & BAKHEET INVESTMENT COMPANY announces occurrence of a specific event to AL Maather REIT Fund
Description of the Event Osool & Bakheet investment company wants to clarify the status of Al-Rabie leasehold contract, which is located in Al-Rabie neighborhood on King Abdulaziz road in Riyadh City according to the coordinates (24°47’16.9″N 46°39’31.9″E). This leasehold contract ends within three months, on 30/03/1443H Corresponding to 05/11/2021G. The net income of the expiring contract…
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Norah Alfari
OSOOL & BAKHEET Investment Company announces the Valuation Reports of Al Ma’ather REIT as of 30/06/2021
According to CMA circular regarding evaluation of assets of real estate investment trading fund, Osool & Bakheet Investment Company announces the Valuation Reports of Al Ma’ather REIT prepared by two accredited valuators in compliance with accredited valuators rules and regulations as of 30/06/2021 through the below links: 1- Saudi Asset Valuation Company report: /uploads/Tathmeen_EN.pdf 2-…
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Norah Alfari
OSOOL & BAKHEET INVESTMENT COMPANY announces the availability of the Quarterly report for Al Maather REIT as of 30/06/2021
Osool & Bakheet Investment Company announces the availability of the Quarterly Report for Al Maather REIT as of 30/06/2021, for a copy of the report please click on the link below: https://bit.ly/3ySbRoB
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Norah Alfari
OSOOL & BAKHEET INVESTMENT COMPANY announces the availability of the initial report for Al Maather REIT as of 30/06/2021
Osool & Bakheet Investment Company announces the availability of the initial Report for Al Maather REIT as of 30/06/2021, for a copy of the report please click on the link below: https://bit.ly/3AXAIJs
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Norah Alfari
Addendum Announcement from Osool & Bakheet Investment Company regarding of leasing Al Rabie GENX
Date of the previous announcement: 14/10/1442H corresponding to 26/05/2021G URL of the Previous Announcement: https://bit.ly/3bTne6T Description of the Event: Further to the announcement of Osool & Bakheet Investment Company published on 14/10/1442H corresponding to 26/05/2021G, concerning of signing of a lease contract for hospitality units available in Al Rabie GENX, Osool & Bakheet Investment Company…
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Norah Alfari
OSOOL & BAKHEET INVESTMENT COMPANY Announces the Occurrence of Specific Event to AL Maather REIT Fund
Introduction: OSOOL & BAKHEET INVESTMENT COMPANY Announce Regarding the occurrence of an event to AlMa’ather REIT Description of the Event: Osool and Bakheet announces signing of a lease contract for hospitality units available in Rabie GENX property which is located at the intersection of Al Qiyas Street with Prince Mohammed bin Salman road in Riyadh,…
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