Bonyan REIT acquires Al Rashid Mall Abha for SAR 110M

06/12/2023 Argaam

Bonyan REIT acquires Al Rashid Mall Abha for SAR 110M

Logo of Bonyan REIT Fund

Saudi Fransi Capital, manager of Bonyan REIT Fund, executed a SAR 110 million right of purchase option for Al Rashid Mall Abha. 

 

The fund acquired the mall via a 20-year usufruct agreement, enabling the asset purchase within five years of the agreement signing, the company said in a statement to Tadawul today, Dec. 6. 

 

Procedures are underway to update the deed for ownership transfer to Bonyan REIT, Saudi Fransi Capital added, expecting a positive impact on the fund as a result of the deal. 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read