Alistithmar Capital Secures SAR 17.5M Annual Income Guarantee
ALISTITHMAR REIT 4350.SA | 0.00 |
On June 18, 2026, Alistithmar for Financial Securities and Brokerage Company announced that it has signed a commercial guarantee agreement with AREIC RED Company for the Alistithmar AREIC Diversified REIT Fund. Under this agreement, AREIC RED Company provides an irrevocable and unconditional guarantee of annual minimum net operating income of 17,500,000 Saudi Riyals for the Somerset Downtown Al Khobar property. The guarantee covers a four-year period starting from October 1, 2025, with the guarantor obligated to pay any shortfall if net operating income falls below the threshold. This agreement is expected to strengthen cash flow stability and reduce operational risks for the Fund, thereby enhancing benefits for unit holders.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96213&anCat=1&cs=4350&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.
