BRIEF-Saudi's ALRAMZ To Acquire Full Shareholder Units In Al Ahli Aleen Enbar Real Estate Fund

ALRAMZ

ALRAMZ

4327.SA

0.00

May 31 (Reuters) - AL RAMZ REAL ESTATE COMPANY SJSC 4327.SE:

  • SIGNING OF AGREEMENTS TO ACQUIRE THE FULL SHAREHOLDER UNITS IN AL AHLI ALEEN ENBAR REAL ESTATE FUND

  • TRANSACTION AMOUNT SAR 133 MILLION IN CONSIDERATION FOR ACQUISITION OF REMAINING SHAREHOLDERS UNITS OF THE FUND

  • CO HOLDS 23% OF FUND'S TOTAL UNITS AT INVESTMENT VALUE OF ABOUT SAR 40 MILLION

  • INCREASING CO'S OWNERSHIP FROM 23% TO 100% OF FUND'S UNITS

  • TRANSACTION WILL BE FINANCED THROUGH COMPANY'S OWN RESOURCES, AVAILABLE CREDIT FACILITIES

  • TRANSACTION IS EXPECTED TO CONTRIBUTE POSITIVELY TO OVER YEARS 2026, 2027, 2028, 2029, 2030, AND 2031

Source text: ID:nSSE2cmP4x

Further company coverage: 4327.SE


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