Saudi Fransi Capital, in its capacity as the Fund Manager of Bonyan REIT Fund, announces that it has executed its right-of-purchase for Al Rashid Mall Abha for an amount of SAR 110,000,000. Work is underway to update the Title Deed to transfer the ownership to the Fund. The Fund Manager expects this transaction to have a positive impact on the Fund.

The Fund originally acquired the mall through a 20-year usufruct agreement, which gives the Fund the right to purchase the Asset within 5 years of signing the agreement for a price of SAR 110,000,000.