SAUDI ARABIA: Riyad Capital, the fund manager of Riyad REIT Fund, has signed an agreement to refinance the fund’s existing facility with Riyad Bank, a bourse filing read. The new facility has a total limit of SAR1.45 billion (US$386.36 million).
Under the refinancing agreement, the reduction of the profit margin will be no less than 50% of the previous financing facility, and the facility’s maturity term has been extended to seven years.
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