Saudi Real Estate Co. Announces an update on The rescheduling of the Public Investment Fund (PIF) loan

2021-10-13 16:02:07

Element ListExplanation
Introduction Referring to the company's announcement on 30 April 2014 regarding the long-term loan obtained from the Public Investment Fund (PIF) and reference to the company's announcement on 01 July 2020 regarding the rescheduling of PIF's loan, accordingly the Saudi Real Estate Company would like to announce to the shareholders that it has received a letter from the Public Investment Fund includes a transfer agreement between the Public Investment Fund and the Ministry of Finance in the Kingdom to transfer the remaining balance of the Fund’s loan amounting (1,306,984,340) one billion three hundred six million nine hundred eighty-four thousand three hundred forty Saudi riyals with its related rights and obligations to the Ministry of Finance and requesting an approval on finalizing the transfer. Any future updates will be announced in this regard
Previous Announcement The rescheduling of the Public Investment Fund (PIF) loan
Date of Previous Announcement on Tadawul's Website 2020-07-01 Corresponding to 1441-11-10
Percentage of fulfilled achievement NA
Event's Expected Completion Date NA
The costs associated with the event, and if they have changed or not with indication of the reasons. None