Logo ofAlkhabeer REIT Fund
Alkhabeer Capital, manager of Alkhabeer REIT Fund, on March 12 entered into a Shariah-compliant hedging agreement at a value of SAR 567.5 million with Al Rajhi Bank. 
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In a Tadawul statement, Alkhabeer Capital said that the agreement value is divided as follows:
First: SAR 170 million, representing 50% of the facilities used in the initial offering;
Second: SAR 397.5 million, representing the full facilities used in the first additional offering.
This deal was aimed to fix the SIBOR rate at a fixed rate of 4.96% and protect the fund from interest rate fluctuations during the maturity period of this agreement until February 2030, the company added.
According to Argaam’s data, Alkhabeer Capital, signed on Oct. 30, 2024 a Shariah-compliant hedging agreement worth SAR 170 million with Al Rajhi Bank, representing 50% of the facilities used in the initial public offering, at a fixed rate of 5.04%, with a maturity date until February 2030.
Logo ofAlkhabeer REIT Fund
Alkhabeer Capital, manager of Alkhabeer REIT Fund, on March 12 entered into a Shariah-compliant hedging agreement at a value of SAR 567.5 million with Al Rajhi Bank.
For more news on listed companies
In a Tadawul statement, Alkhabeer Capital said that the agreement value is divided as follows:
First: SAR 170 million, representing 50% of the facilities used in the initial offering;
Second: SAR 397.5 million, representing the full facilities used in the first additional offering.
This deal was aimed to fix the SIBOR rate at a fixed rate of 4.96% and protect the fund from interest rate fluctuations during the maturity period of this agreement until February 2030, the company added.
According to Argaam’s data, Alkhabeer Capital, signed on Oct. 30, 2024 a Shariah-compliant hedging agreement worth SAR 170 million with Al Rajhi Bank, representing 50% of the facilities used in the initial public offering, at a fixed rate of 5.04%, with a maturity date until February 2030.
