Riyad REIT Fund (SASE:4330) acquired an unknown stake in Burj Rafal Hotel Kempinski Riyadh from RAFAL Real Estate Development Co. Ltd for approximately SAR 750 million on September 9, 2018. Riyad REIT Fund increased its capital by SAR 1.13 billion to finance the acquisition. Riyad REIT Fund (SASE:4330) completed the acquisition of an unknown stake in Burj Rafal Hotel Kempinski Riyadh from RAFAL Real Estate Development Co. Ltd on September 9, 2018.