Osool & Bakheet Investment Company announces the annual financial statements for Al Maather REIT. Below is the summary of the annual financial statements for the period ending on 31/12/2019
Osool & Bakheet Investment Company announces the annual financial statements for Al Maather REIT. Below is the summary of the annual financial statements for the period ending on 31/12/2019– Net Asset value at the end of period SAR 594,819,654.– Total Expenses & fees for the year is SAR 13,910,649.– Net profit for the year is…
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Norah Alfari
Addendum Announcement from Osool & Bakheet Investment Company Regarding the payment of Zakat from Al-Maather REIT Fund
Further to the announcement by Osool & Bakheet Investment Company which was published on 09 March 2020, Osool & Bakheet Investment Company announces the completion of the registration of AL Ma’ather REIT Fund with the General Authority for Zakat and Income for the purpose of payment the fund zakat for the year 2019. It should…
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Norah Alfari
Osool & Bakheet Investment Company announces the distribution of cash dividends to the unit holders of Al Maather REIT.
Osool & Bakheet Investment Company announces the distribution of cash dividends to the unitholders of Al Maather REIT for the financial period ending on 31 December 2019, as follows: 1.Total amount of distributed dividends is SAR 38,049,4002.The cash distribution to be based on 61,370,000 units.3.Distributed dividend per unit is 0.62 SAR. Which represents 6.20% of…
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Norah Alfari
Addendum announcement from Osool & Bakheet Investment Company regarding the signing MOU with Al-Roqi National Schools Company for the purpose of developing built to suite Education Property
Further to the announcement of Osool & Bakheet Investment Company published on 25/04/1441H corresponding to 22/12/2020, related to the 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…
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Norah Alfari
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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