Investment company Alinma announced the completion of the acquisition and transfer of ownership of the office and commercial building in Riyadh Alinma REIT Fund for the retail sector, as well as the successful completion of legal, technical and regulatory procedures.

Investment company Al-Enmaa said in a statement to Tadawul Saudi Arabia today Thursday that the acquisition cost was about 52 million riyals, excluding real estate transaction tax.

She added that the persecution fees amounted to 500,000 riyals, and the acquisition and persecution fees were fully funded from the bank funds available to the foundation.

The company said the financial impact of the acquisition is expected to be broadly positive and reflect on the fund’s results in the coming period.

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