Announcement by Saudi Fransi Capital regarding a material development of Bonyan REIT Fund
| Element List | Explanation |
|---|---|
| Introduction | Saudi Fransi Capital announces a material development relating to Bonyan REIT Fund. |
| Description of the Event | Saudi Fransi Capital, in its capacity as the fund manager of Bonyan REIT Fund, is pleased to announce the signing of a new lease contract for AlRafiah Village Compound for a period of five years and six months and a total value of SAR 121.4 million whereas the contract start date will be 01/02/2024G corresponding to 20/07/1445H. |
| The Impact Caused by the Event | The fund manager expects this development to have a positive impact on the fund’s profitability. |
| Additional Information | In addendum to the announcement on 22/11/2022 G corresponding to 28/04/1444 H, regarding Saudi Fransi Capital receiving a letter from the tenant of AlRafiah Village Compound informing that they will not renew the existing lease contract which is set to expire in 2024.
The property will maintain 100% occupancy.
Link to previous announcement: https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/!ut/p/z1/lZJdT4MwFIZ_yy64NOeUj8K8qzN2LEOGgEJvlrKRSQKFmE4zf71Erpiyae_aPG_e85wUBGQglHyvDlJXrZJ1f88F3TqMorn0MMRlskCKMadp4pF734KXMeAFnGL0yKLQdB3kzwjiX3mMNw5GD5vAWuMTcqR_y-PEYVf78z7vTgMEYhAgilN8aoq2hty2bHd4YUq1R7Urm1JpyEk_iRiXhWzu9i6rO-6vmeVR9xz4ZVln4_7cxjdwSfeisEkhlm9XpCM6SO_appNqbL4CcajbYvgZr1p3twYaqOVefhxro6-XSi2khoxMA_4eMpcQ04auSdPsMymLuV_5N7zZBtrJ2Wz2Be8ru-k!/dz/d5/L0lHSkovd0RNQU5rQUVnQSEhLzROVkUvZW4!/ |
Comments