Launch Partners

Launch Partners

Alinma Retail REIT Fund signs agreement

SAUDI ARABIA: Alinma Retail REIT Fund, managed by Alinma Investment, has signed an agreement with Osus Real Estate Company to acquire two new real estate properties in exchange for an in-kind portion represented by Al Makan Mall in Riyadh and a cash portion that will be financed through credit facilities, according to a bourse filing.

The value of the assets subject to the deal is expected to exceed SAR1 billion (US$266.46 million).

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