Alkhabeer REIT to use proceeds from sale of two property properties to repay
This move followed the credit facility agreement signed between the fund manager Alkhabeer Capital and Al Rajhi Bank, at SAR 1.03 billion, with a maturity extending to Sept. 2031, for any utilized facilities. 
The fund drew SAR 737.5 million from these facilities – SAR 340 million for the fund’s IPO and SAR 397.5 million for the first additional offering.
The relevant financial impact is expected to appear in reducing annual financing costs while improving the fund performance.
According to data available on Argaam, Alkhabeer Capital announced in March 2024 completing the sale of the BQ property (formerly Home Works Center), located in Riyadh’s King Fahd District, for SAR 87.6 million.
The company also announced in August 2025 the sale of Ahlan Court property in Jeddah’s Al-Andalus District, at a net sale price of SAR 71.75 million.
Alkhabeer REIT to use proceeds from sale of two property properties to repay
This move followed the credit facility agreement signed between the fund manager Alkhabeer Capital and Al Rajhi Bank, at SAR 1.03 billion, with a maturity extending to Sept. 2031, for any utilized facilities.
The fund drew SAR 737.5 million from these facilities – SAR 340 million for the fund’s IPO and SAR 397.5 million for the first additional offering.
The relevant financial impact is expected to appear in reducing annual financing costs while improving the fund performance.
According to data available on Argaam, Alkhabeer Capital announced in March 2024 completing the sale of the BQ property (formerly Home Works Center), located in Riyadh’s King Fahd District, for SAR 87.6 million.
The company also announced in August 2025 the sale of Ahlan Court property in Jeddah’s Al-Andalus District, at a net sale price of SAR 71.75 million.
