Addendum Announcement from Derayah Financial on Signing of a purchase agreement to acquire a portfolio of logistics assets in the kingdom of Saudi Arabia
|Date of the Previous Announcement||2019-09-25 Corresponding to 1441-01-26|
|Hyperlink to the Previous Announcement||https://www.tadawul.com.sa/wps/portal/tadawul/home/announcement-details/!ut/p/z1/pZFNT4NAEIZ_iwfOMyzf3mChgMDWlo8Cl2arSSXhKwY1_fduqwfbCB7c22Sfd-add6CGEuqevzdHPjVDz1tRV7W-Z0FMAzRJhBlbob0p1tRJvCiPdNhdAEKoKVsqxhgbMtq6j-EmURXcKFD_1PtepohvN6FbFhJEvNX7ITPEADsoVoVATfI_ParX-jn_OPNs_Ftf3yABcYVFL4pcqhF0tG9gKaJr4JcMFoHzkhdgaYvlDho8QH1sh8PXyV-mabyXUMKJP_OPt1YSDZ6GbuT9KT11h0FAqqJYcyjve8onKGWoRLrGbHyEQHp2ZjO2zhn1Eo9le5YnjreFStNlS4eUv8LY5XleYhM2j93OnExU1LtPbVe62A!!/dz/d5/L0lHSkovd0RNQURrQUVnQSEhLzROVkUvZW4!/|
|Change Details||Further to Derayah Financial announcement published on 25/09/2019G, Derayah financial would like to announce the transfer of a logistics real estate asset in Riyadh on Tuesday 22/03/1441H corresponding to 19/11/2019G as the legal and technical procedures were completed successfully. The purchase price is SR25.6 million which was funded through the available banking facility for Derayah REIT.|
|The Impact Caused by the Change||It is expected that the results of the acquisition will be positive on Derayah REIT’s financial performance in the second half of 2019.|
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