Addendum announcement from Osool & Bakheet Investment Company regarding the signing of Al Maather REIT fund agreement on the purchase of real estate on 27/05/1441H corresponding to 22/01/2020G
Further to the announcement of Osool & Bakheet Investment Company published on 28/05/1441H corresponding to 23/01/2020, concerning the signing of the purchase agreement of Al Nokhba Educational Schools. Osool & Bakheet Investment Co. announces the successful completion of purchase transaction on Sunday 29/06/1441 H corresponding to 23/02/2020 with a value of SAR31,000,000 (thirty-one million Saudi…
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Norah Alfari
OSOOL & BAKHEET INVESTMENT COMPANY Announce Regarding the occurrence of an event to AlMa’ather REIT
Thu Feb 6, 2020 15:45 Osool & Bakheet Investment Company announces the mortgage of two real estate offices located in Riyadh city, defined as First Sahafa and Second Sahafa properties to Al Rajhi Bank “Bank” on Thursday 12/06/1441H corresponding to 06/02/2020G. This mortgage is given as a guarantee for sharia compliant facility intended to be…
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Norah Alfari
OSOOL & BAKHEET Investment Company announces the Valuation Reports of Al Ma’athar REIT as of 31/12/2019
Mon Feb 3, 2020 16:00 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’athar REIT prepared by two accredited valuators in compliance with accredited valuators rules and regulations as of 31/12/2019 through the below links: 1- Valustrat Company…
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Norah Alfari
OSOOL & BAKHEET Investment Company announces occurrence of a material development for Al-Maather REIT Fund
Al-Ma’ather REIT Fund announces that it has entered into an agreement to purchase real estate property of Al Nokhba Educational Schools, on 27/05/1441 AH corresponding to 22/01/2020 (subject to obtaining the necessary approvals from the current mortgagee and completing the regulatory procedures). The acquisition value is SAR 31,000,000 (thirty-one million Saudi riyals), and the transaction…
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Norah Alfari
OSOOL & BAKHEET INVESTMENT COMPANY announces the availability of the Risk Assessment report for Al Maathar REIT as of 31/12/2019G
Osool & Bakheet Investment Company announces the availability of the Risk Assessment Report for Al Maathar REIT as of 31/12/2019G, for a copy of the report please click on the link below: /uploads/Risk-Assessment-2019.pdf
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Norah Alfari
OSOOL & BAKHEET INVESTMENT COMPANY announces the availability of the Quarterly report for Al Maathar REIT as of 31/12/2019G
Osool & Bakheet Investment Company announces the availability of the Quarterly Report for Al Maathar REIT as of 31/12/2019G, for a copy of the report please click on the link below: /uploads/2019Q4-Al-maather-Report.pdf
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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 announces an update in Al Ma’ather REIT Terms and Conditions as of 26/04/1441H corresponding to 23/12/2019G. The updated Terms and Conditions can be viewed below: /uploads/MF-0666-clean.pdf
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Norah Alfari
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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