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|05 December, 2018

BRIEF: Derayah REIT Signs 1 Bln Riyals Islamic Facility With Alrajhi Bank

DERAYAH REIT FUND 4339.SE :

* DERAYAH FINANCIAL ANNOUNCES DERAYAH REIT SIGNED 1 BILLION RIYALS SHARIAH-COMPLIANT FACILITY AGREEMENT WITH ALRAJHI BANK

* FUND MANAGER SAID THAT FACILITY’S TENOR IS 7 YEARS WHERE FULL AMOUNT OF FACILITY WILL BE PAID UPON MATURITY

* THE PROFIT RATE ON THE FACILITY WILL BE PAID ON SEMI-ANNUAL BASIS ON A PRO RATA BASIS DEPENDING ON THE DRAWN AMOUNT

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* FACILITY WILL BE USED TO ACQUIRE NEW PROPERTIES ON BEHALF OF DERAYAH REIT

Source text for Eikon: ID:nSSE1fmxKL Further company coverage: 4339.SE

((Reuters.Briefs@thomsonreuters.com;))