Alkhabeer REIT, Al-Rajhi Bank Sign Funding Deal Exceeding $112m

Alkhabeer Capital, a prominent asset management company specializing in alternative investments, announced Sunday that Alkhabeer REIT has signed a facility agreement valued at SAR420 million (USD112 million) with Al-Rajhi Bank.

The Shariah-compliant facility agreement will have a tenor of five years. Further, SAR340 million (USD9.6 million) will be used by Alkhabeer REIT to finance part of the targeted assets, and SAR80 million will be used for future acquisitions of income-generating assets…read more

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