Musharaka REIT Reduces Financing Costs by 24%

Musharaka Capital Company, as the fund manager of Musharaka REIT Fund, announced on Monday that the Fund’s bank facilities have been renewed with the fixed part of the financing cost being reduced by 24%. Additionally, the margin of coverage and the fees for financing studies have also been reduced to the benefit of the unitholders.

This comes within the framework of the fund manager’s continuous endeavor to reduce costs in order to improve the fund’s performance and its readiness to benefit from the distinguished opportunities available in the real estate market.

Musharaka Capital expects that the reduction in the financing cost will have a positive impact on the fund starting from the third quarter of 2022.