Alkhabeer REIT BOD initially agrees to accept purchase to one of the fund’s properties

Alkhabeer Capital, in its capacity as the Fund Manager of Alkhabeer REIT Fund (the Fund), announced on Sunday that the Fund’s Board of Directors’ initial approval on 23/02/2024 to accept a purchase offer for one of the Fund’s assets (“the deal”), provided that the necessary real estate evaluations are conducted before proceeding with the deal as per the Fund’s terms and conditions.

The Fund Manager expects that the impact resulting from the deal will be generally positive on the Fund’s performance during the first half of 2024. Once the legal and administrative procedures related to the deal are completed, the Fund Manager will later disclose any developments in this regard.