Al Rajhi REIT Fund (SASE:4340) acquired Al Salam NMC Hospital building in Riyadh for approximately SAR 160 million on November 7, 2019. The transaction was funded through existing debt facilities. The Al Salam NMC Hospital building reported a total annual income of SAR 11.71 million. The acquisition is expected to have a positive impact on Al Rajhi REIT’s financial performance going forward. Al Rajhi REIT Fund (SASE:4340) completed the acquisition of Al Salam NMC Hospital building in Riyadh on November 7, 2019.