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
Read more
POSTED BY
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…
Read more POSTED BY
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
Read more POSTED BY
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…
Read more POSTED BY
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…
Read more POSTED BY
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…
Read more POSTED BY
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
Read more POSTED BY
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…
Read more POSTED BY
Norah Alfari
OSOOL & BAKHEET Investment Company announces the Valuation Reports of Al Maathar REIT as of 30/06/2019
Tue Jul 23, 2019 16:00 Osool & Bakheet Investment Company announces the Valuation Reports of Al Maathar REIT prepared by two accredited valuators in compliance with accredited valuators rules and regulations as of 30/06/2019 through the below links: -Valustrat Company report:/uploads/Val-Report-AlMa’athar-REIT-June-2019.rar -Areab real estate company report: /uploads/Valuation-Arab-June-2019.rar
Read more POSTED BY
Norah Alfari
OSOOL & BAKHEET INVESTMENT COMPANY announces the availability of the Quarterly report for Al Maathar REIT as of 30/06/2019G
Thu Jul 4, 2019 09:00 Osool & Bakheet Investment Company announces the availability of the Quarterly Report for Al Maathar REIT as of 30/06/2019G, for a copy of the report please click on the link below:/uploads/2019-Q2-Report.pdf
Read more POSTED BY
