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Jadwa REIT Saudi Fund announces an Addendum Announcement regarding occurrence of a specific event
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JADWA REIT SAUDI
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1445/08/18 28/02/2024 15:59:37
| Element List | Explanation |
|---|---|
| Introduction | Following the announcement of Jadwa Investment Company published on 08/02/1445H corresponding to 24/08/2023G regarding the signing of a Sale and Purchase Agreement for Al Fanar Residential compound located in in Khobar. |
| Date of the Previous Announcement | 2023-08-24 Corresponding to 1445-02-08 |
| Hyperlink to the Previous Announcement | Click Here |
| Change Details | Jadwa Investment Company would like announce the completion of the sale process and transferring the title deed of the property to the buyer after fulfilling sale and purchase agreement terms and receiving the sale proceeds to the fund on 08/18/1445H corresponding to 28/02/2024G. |
| The Impact Caused by the Change | It is expected that the impact will be positive on the fund as the financial impact of the sale will be included in the fund's financial statements for the first half of this year 2024G. |
| Additional Information | The Fund Manager will disclose any developments in this regard. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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