Daraya REIT signed a credit facility agreement with Riyad Bank to obtain a Sharia-compliant credit facility worth 600 million riyals. The fund manager pointed out that the financing period is 7 years, with 250 million riyals of the financing value to be paid in the sixth year and 350 million riyals of the financing value in the seventh year. The Fund Manager explained that the profit margin repayment period will be semi-annual and will start when the financing is withdrawn from the bank to purchase any future property of the Fund.

The Fund Manager stated that the objective of the financing is to purchase income-generating properties for the Fund in line with the general plan to distribute and diversify income sources geographically and sectorally: 16.0pt; font-family: "Helvetica","sans-serif"; color: #23232323;">.

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