Osool & Bakheet Investment Company announces a change in Fund Board of Al Ma’ather REIT
Osool & Bakheet Investment Company announces a change in the Fund Board of Al Ma’ather REIT Fund due to appointment of Mr. Hisham Tuffahah as Non-Independent member effective Sunday, 26/04/1441H corresponding to 23/12/2019G. Current Fund Board Members of Al Ma’ather REIT Fund are: 1- Abdulaziz Al Omran – Chairman, Non-Independent member 2- Ziad Al Rugaib…
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Norah Alfari
OSOOL & BAKHEET Investment Company announces occurrence of a specific event for Al- Maather REIT Fund
OSOOL & BAKHEET Investment Company, fund manager of Al-Maather REIT Fund, have signed Memorandum of Understanding with Al-Roqi National Schools Company for the purpose of developing and build ROQI national school in south Riyadh at Zahra district. The school will be constructed on built to suit concept on a land area of 7000 meters (seven…
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Norah Alfari
Osool & Bakheet Investment Company announces an update in Ma’ather REIT Terms and Conditions
Osool & Bakheet Investment Company announces an update in Ma’ather REIT Terms and Conditions as of 06/11/2019G corresponding 09/03/1441H Updated terms and conditions can be found at the link below: /media/11246/terms_conditions_maathar.pdf
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Norah Alfari
Osool and Bakheet Investment Company announces a change in Fund Board of Al Maather REIT
Osool and Bakheet Investment Company announces a change in the Fund Board of Al Maather REIT Fund due to resignation of Mr. Qusai Al Fakhry, from his position as Independent member, effective Sunday 27/10/2019 corresponding to 28/02/1441H. Current Fund Board Members of Al Maather REIT Fund are: 1.Abdulaziz Al Omran – Chairman Non-Independent member 2.Ziad…
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Norah Alfari
OSOOL & BAKHEET INVESTMENT COMPANY announces the availability of the Quarterly report
OSOOL & BAKHEET INVESTMENT COMPANY announces the availability of the Quarterly report for Al Maathar REIT as of 30/09/2019G Osool & Bakheet Investment Company announces the availability of the Quarterly Report for Al Maathar REIT as of 30/09/2019G, for a copy of the report please click on the link below: /uploads/2019_Q3_Report.pdf
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Norah Alfari
Addendum announcement from Osool & Bakheet Investment Company regarding the conclusion of Al Maather REIT fund agreement on the purchase of real estate on 11/09/1440H corresponding to 16/05/2019G
Further to the announcement of Osool & Bakheet Investment Company published on 11/09/1440H corresponding to 16/05/2019, concerning the conclusion of the purchase agreement of Towlan Hotel Suites located in Al-Khobar City. Osool & Bakheet Investment Co. announces the successful completion of purchase transaction on Thursday 06/01/1441 H corresponding to 05/09/2019 with a value of SAR22,000,000…
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Norah Alfari
OSOOL & BAKHEET INVESTMENT COMPANY announces the occurrence of an event to AlMa’athar REIT
Thu Aug 29, 2019 15:00 Osool & Bakheet Investment Company announces the mortgage of a commercial/offices real estate asset in Riyadh city, defined as Al-Muhamdiah property to Al Rajhi Bank “Bank” on Thursday 28/12/1440H corresponding to 29/08/2019G. This mortgage is a guarantee of shariah-compliant facility by bank planned to be provided to the fund. There’s…
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Norah Alfari
OSOOL & BAKHEET Investment Company announces the availability of the interim financial statement of Al Ma’athar REIT for the period ended by 30/06/2019
Thu Aug 8, 2019 13:00 OSOOL & BAKHEET Investment Company announces the availability of the interim financial statement of Al Ma’athar REIT for the period ended by 30/06/2019 – Net Asset value by the end of the period SAR 587,483,865 – Total Expenses & fees for the period SAR 11,691,785 – Net profit for the…
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Norah Alfari
Osool & Bakheet Investment Company announces the availability of the initial Report for Al Maathar REIT as of 30/06/2019G
Thu Aug 8, 2019 13:00 Osool & Bakheet Investment Company announces the availability of the initial Report and for Al Maathar REIT as of 30/06/2019G for a copy of the report, please click on the link below: /uploads/Interim_Report_2019_6_Final.pdf
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Norah Alfari
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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