Logo ofAlwaha REIT Fund
Alwaha REIT and the seller of a Riyadh commercial asset agreed to cancel the planned acquisition, with no further steps to increase the fund’s assets tied to the deal, Wasatah Capital said.
The decision will have no material financial impact, the fund manager said in a statement to Tadawul.
Wasatah Capital signed an agreement to acquire the Riyadh commercial property as part of a previously announced transaction.
Alwaha REIT board approved raising total assets through the acquisition of a fully developed, income-generating commercial asset in Riyadh for SAR 44.5 million (excluding brokerage fees and real estate transaction tax). The acquisition was planned to be funded via the issuance of new units.
Logo ofAlwaha REIT Fund
Alwaha REIT and the seller of a Riyadh commercial asset agreed to cancel the planned acquisition, with no further steps to increase the fund’s assets tied to the deal, Wasatah Capital said.
The decision will have no material financial impact, the fund manager said in a statement to Tadawul.
Wasatah Capital signed an agreement to acquire the Riyadh commercial property as part of a previously announced transaction.
Alwaha REIT board approved raising total assets through the acquisition of a fully developed, income-generating commercial asset in Riyadh for SAR 44.5 million (excluding brokerage fees and real estate transaction tax). The acquisition was planned to be funded via the issuance of new units.
