Al Maather Reit Fund (SASE:4334) entered into an agreement to acquire Al Nokhba Educational Schools Building in Unaizah from Creative Knowledge Company for Educational Purposes for SAR 31 million on January 22, 2020. The transaction will be financed through a sharia-compliant credit facility agreement. The transaction is subject to obtaining the necessary approvals from the current mortgagee and completing the regulatory procedures. The acquisition is likely to reflect positively on the fund’s financials through higher net revenues. It will further expand the fund’s weighted average lease expiry (WALE). Al Maather Reit Fund (SASE:4334) canceled the acquisition of Al Nokhba Educational Schools Building in Unaizah from Creative Knowledge Company for Educational Purposes on January 22, 2021.