| Element List |
Explanation |
| Introduction |
Saudi Fransi Capital, in its capacity as Fund Manager for Bonyan REIT, announces that the Fund has entered into a Shariah-compliant financing facility agreements as follows: |
| Description of the Event |
SAR 500 million Shariah-compliant financing facility with Alinma Bank with a tenor of 7 years whereby profit will be paid on a quarterly basis (commencing upon withdrawal of funds to purchase real estate assets for the Fund), the loan is to be repaid upon maturity). |
| The Impact Caused by the Event |
The Fund Manager expects this transaction to have a positive impact on the Fund. |
| Additional Information |
These facilities aim to finance the Fund's expansion plans through the acquisition of income-generating real estate assets located within cities in the Kingdom. |
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