Element List |
Explanation |
Introduction |
Saudi Real Estate Company would like to notify its shareholders that the work is still under progress to finlize all the required procedures to terminate & liquidate Alinma Fund that it is expected to be completed within two months, its worth to mention that the company have signed the termination agreement & issued the financial statements to complete the closing process. in addition to that, the company is woking to transfer the ownership of the invested lands from Alakaria side as well as the cash investment amount (40 M SR), after the agreement with Alinma company for Investment to deduct an amount of (10 M SR) to cover the previous expenses that is related to asset managment & fund structure which the termination agreement were signed in 12 Nov 2020. |
Previous Announcement |
Establishing Alinma Real Estate Fund |
Date of Previous Announcement on Tadawul's Website |
2020-11-12 Corresponding to 1442-03-26 |
Percentage of fulfilled achievement |
NA |
Event's Expected Completion Date |
Two Months |
The costs associated with the event, and if they have changed or not with indication of the reasons. |
NA |
Comments