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Al Aziziah REIT Fund extends roughly SAR 150m funding with Riyad Bank

Al Aziziah REIT Fund extends roughly SAR 150m funding with Riyad Bank
Saudi Riyal
SICO SAUDI REIT
4337
0.00% 4.62 0.00
RIBL
1010
-23.39% 20.44 -6.24

Riyadh — Mubasher: Al Aziziah REIT Fund has extended an existing credit facility agreement with Riyad Bank for three months, fund manager Al Wasatah Al Maliah (Wasatah Capital) disclosed.

The financing facility is valued at SAR 149.89 million, with the extension period scheduled to commence on 9 September 2026.

According to Wasatah Capital, the decision to prolong the credit arrangement with the lender is not expected to result in any material financial impact on the fund's operations or performance.

The disclosure follows the fund's regulatory requirements to update shareholders on significant financing developments and credit obligations.

The fund manager did not disclose any further changes to the terms of the underlying agreement beyond the revised maturity timeframe.