| Element List | Explanation |
|---|---|
| Date of the Previous Announcement | 2019-09-25 Corresponding to 1441-01-26 |
| Hyperlink to the Previous Announcement | https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details?&locale=en&anCat=1&anId=56196 |
| Change Details | Further to Derayah Financial announcement published on 25/09/2019G, Derayah financial would like to announce the transfer of a logistics real estate asset in Riyadh on Tuesday 22/03/1441H corresponding to 19/11/2019G as the legal and technical procedures were completed successfully. The purchase price is SR25.6 million which was funded through the available banking facility for Derayah REIT. |
| The Impact Caused by the Change | It is expected that the results of the acquisition will be positive on Derayah REIT’s financial performance in the second half of 2019. |
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